The President of the Audit Bureau, Khaled Shakshak, discussed the strategic plan, challenges, and risks facing the Libyan Company for Managing Public-Private Partnership Projects with Abdul Majid Mliqta, the Chairman of the company’s board of directors. They discussed ways to ensure the success of public-private partnership projects while preserving the public rights of the state and achieving local and social development and support for municipalities.
Shakshak stressed the importance of studying the feasibility of investment projects and analyzing the expected returns, as well as providing sufficient guarantees for the transfer of investment projects to state ownership after the investment period ends. He emphasized the importance of verifying the public ownership of the targeted lands for investment and ensuring that they do not conflict with individual ownership of citizens. He also stressed the need to consider diversity in projects and to achieve benefits throughout the country, as well as transparency and disclosure of the projects and the parties involved.
Mliqta, for his part, confirmed the commitment of the Libyan Company for Managing Public-Private Partnership Projects to abide by the laws and regulations governing investment, as well as to comply with the recommendations of the Audit Bureau’s reports regarding the evaluation of the company’s activities.
