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| Africa North |
| Hyundai Resumes Work in Libya |
| 2013-02-09 |
| [Tripoli Post] South Korea's Hyundai Engineering & Construction resumed work on projects in Libya after assurances on compensation and security from the interim government. Speaking in an interview Bloomberg in Tripoli on 6 February, Korean minister counselor Kyunghan Kim said he "asked the Libyan government to expedite the process of re-evaluating all existing contracts and to resolve the compensation, non-payment, bond call, and escalation fees for resuming the projects." There are 19 South Korean construction companies with 25 projects worth a total of $10.6 billion in Libya, Kim told Bloomberg. "Many feel worried about returning to work and we are trying to help them as much as we can," Kim said as quoted by Bloomberg. |
| Posted by:Fred |