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"Libya to issue progress payments to Turkish contractors"

22 July 2012 13:28 (Last updated 22 July 2012 13:29)
Turkish Economy Minister said that the Libyan Prime Minister issued a directive whereby Turkish contractors doing business in Libya would receive progress payments.

ANKARA

Turkish Economy Minister Zafer Caglayan on Sunday said that the Libyan Prime Minister issued a directive whereby Turkish contractors doing business in Libya would receive progress payments.

In a written statement released Sunday, Caglayan said that Libya would immediately pay 50 percent of the progress payments due to Turkish contractors and that the contractors could resume construction activities shortly.
Turkish contractors were unable to receive their progress payments following the end of the Gadhafi regime in Libya.

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