A report on the Misrata – Tamenhint – Agadez Transit Trade Road says the project has positive economic, political, social, and security benefits. Return on investmentThe committee recommends the transit trade road charges tolls to users to generate a revenue stream and return money financed by investors. Along the length of the transit trade road services such as hotels, cafes, restaurants etc, would be established to both provide needed services and earn revenues. TIRIt also recommends using the international custom transit system (TIR) which allows companies to transit trade across borders without paying customs or unloading goods. March 2023 MoU with Niger to start transit trade road constructionIt will be recalled that in March this year Libya and Niger signed an MoU on the start of the construction of the transit trade road between the two neighbouring countries.

Source: Libya Today December 08, 2023 21:34 UTC