The Libyan Administrative Control Authority revealed in its report the value of the Third Ring Road project, which reached 3.7 billion Libyan dinars. It noted that letters of credit were approved in favor of a consortium of Egyptian companies, with reservations and without the completion of proper procedural documentation submitted to the oversight authority.<\/p>\n\n\n\n
The report highlighted a high number of contractual amendments within the project, with some contracts increasing to three or four times their original value.<\/p>\n\n\n\n
It also noted irregularities in financial procedures, stating that payment orders were not consistently referred immediately after disbursement. Instead, some entities delayed submitting them until all payments were completed, reducing the efficiency of auditing and inspection processes.<\/p>\n\n\n\n
The report further pointed to delays in project execution caused by the failure of responsible entities to hand over work sites to contractors on time, as well as the lack of resolution of obstacles and constraints. This led to repeated extensions being granted.<\/p>\n\n\n\n
It also documented the disbursement of advance payments without completing contractual procedures for variation orders, including unsigned amendments and lack of prior approval from the authority.<\/p>\n\n\n\n
Additionally, the report criticized the awarding of contracts to companies whose capital and expertise were not aligned with the scope of work, in violation of Article (5) of Regulation No. 544 of 2010 on contractor classification.<\/p>\n\n\n\n
The report stated that many entities relied on opening letters of credit through commercial banks to finance projects, often concentrating these procedures in December of each year to avoid returning unused funds to the public revenue account for new projects that had not yet started.<\/p>\n\n\n\n
It also noted non-compliance with laws requiring immediate submission of payment documentation after disbursement, in violation of Law No. (2) of 2023, which amended Law No. (20) of 2013 establishing the Administrative Control Authority.<\/p>\n\n\n\n
Further findings included submission of payment claims with financial authorizations that did not fully cover the payment orders, as well as carrying out school maintenance works during the academic year, causing disruption in educational institutions due to partial maintenance activities during school hours.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Libyan Administrative Control Authority revealed in its report the value of the Third Ring Road project, which reached 3.7 billion Libyan dinars. It noted that letters of credit were approved in favor of a consortium of Egyptian companies, with reservations and without the completion of proper procedural documentation submitted to the oversight authority. The […]<\/p>\n","protected":false},"author":13,"featured_media":257076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[805,613],"class_list":["post-257075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-administrative-control-authority","tag-libya"],"acf":[],"_links":{"self":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/257075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/comments?post=257075"}],"version-history":[{"count":1,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/257075\/revisions"}],"predecessor-version":[{"id":257077,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/posts\/257075\/revisions\/257077"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media\/257076"}],"wp:attachment":[{"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/media?parent=257075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/categories?post=257075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sada.ly\/en\/wp-json\/wp\/v2\/tags?post=257075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}