NATO to intervene in Libya: $550bn The Reconstruction Costs of Libya

NATO General Secretary T. Stoltenberg said the alliance (NATO) is ready to support the security work in Libya if it is requested by the country’s own government. NATO continues to support the peace process in Libya and is willing to strengthen its security work.

The U.S. State Department wants to expel the Russians and Turks either in a good way or with NATO intervention. Libya has two of the largest oil and gas deposits in the Mediterranean Sea.

by Thanos S. Chonthrogiannis

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According to estimates by Trust Economics- https://trusteconomics.eu will require more than $550bn to rebuild Libya over a five-year horizon. The mortgage in part of the production of these two large Libyan gas fields as collateral will give access to cheap borrowing costs to the Libyan government to obtain these huge amounts of capital.

NATO will intervene in Libya to ensure that Libya’s reconstruction contracts are directed overwhelmingly towards American, Canadian English, German, and French companies respectively, rather than Russian and Turkish companies, respectively.

More than three million workers will need to work intensively to rebuild Libya to achieve the goal of rebuilding the country within a five-year horizon.

Now the Libyan reconstruction project looks like the new El Dorado as huge opportunities are emerging in infrastructure, road and rail networks, housing, sanitation, electricity generation and oil and gas extraction.

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