Libya and Italy are set to reach a deal soon to compensate for Italy’s three-decade colonial rule. The deal, said to be worth billions, was announced by Saif al Islam, the influential so of Libyan leader Muammar Gaddafi. “In the next weeks, Libya will sign a deal with Italy on compensation for the colonial period. This deal … amounts to billions,” Said told an official gathering in Tripoli. The accord involves multiple projects, including a motorway across Libya, education resourced, and the clearing of mines dating back to the colonial era. Italian PM Silvio Berlusconi said that he hopes this friendship treaty could be signed by the end of August.