PUBLIC-PRIVATE PARTNERSHIP (PPP) PROJECTS IN LIBYA - AN OVERVIEW

Abstract

After years of instability in Libya, the Libyan public sector has a real need for the administrative skills and modern methods that the private sector can provide, in addition to the financial resources owned by some banks, which makes investing in Libya an attractive target for any potential investor. The recent drastic changes in the Libyan government's policy toward openness to foreign investment and a greater role for the private sector suggest that PPP-type schemes can be a powerful alternative to the traditional way in which the country purchases its projects. This led to the government's adoption of a PPP system, and the establishment of an entity to manage this approach called Libyan Public Private Partnership Company (LPPPC). On the other hand, the process of public-private partnership in infrastructure projects faces a wide range of risks, challenges, and obstacles that affect the success of the public-private partnership, which must be studied to avoid or mitigate them. It is important to have an appropriate methodological framework for evaluating proposed infrastructure projects before they are offered to PPP and to be able to identify the main factors affecting the project in order to assess the implementation capability and risks associated with the project. The proposed and used framework is the SWOT analysis to identify and analyze the strengths, weaknesses, opportunities, and threats (SWOT) surrounding the project.