Tuesday, August 21, 2018
Directory Directory Subscribe
Login
 

Lebanon: $20 billion in 250 projects coming next year near you!

 
 

Please, enter data

Please, enter data

Businessnews.com.lb, 29 December 2017

The government will launch a construction and restoration program including 250 infrastructure projects early next year. 
 
Investment in the projects will reach $16 billion. 
 
Around 25 percent of the funds will be provided by the private sector. Another 25 percent will be provided by the World Bank through soft loans along with a similar amount from the European Union through European monetary funds, which are expected to allocate an €80 billion ($94.4 billion) fund for neighboring countries. The remaining amounts will be provided by Arab and Chinese funds. 
 
The soft loans will be provided with interest rates not exceeding 1.5 percent with a ten-year grace period, and a 30-year repayment period. The projects will be implemented in the coming ten years and in two phases. 
 
Around $5 billion will be spent on the transport sector to build roads, ports, and airports. Around $3 billion will go to the water sector for establishing dams, and $2 billion for treating sewage water. The electricity sector will get $4 billion for producing and transferring electricity. Around $550 million will be allocated to the telecom sector, $1.4 billion for waste treatment, $300 million for health and education sectors, and $280 million for cultural projects. 
 
These programs will boost economic growth, which has been averaged out at two percent in the past six years, and will create thousands of job opportunities. Each $1 billion investment in infrastructure creates three percent growth in the GDP, and 50,000 jobs. Expenditures on electricity will contribute to the development of tourism. Providing good infrastructure will attract local and foreign investments. 
 
The funding parties will be concerned with implementing the projects, controlling the terms of reference, launching the tenders, and monitoring the execution of projects. 
 
The International Bank for Reconstruction and Development will review the program, and will set appropriate suggestions to manage each sector post execution phase. 
 
The government will also announce a $4 billion complementary plan including 40 projects that have been previously studied and are ready for implementation. These include waste treatment, water and sewage water treatment, roads, telecom, and ports and airport projects. 
 
Funds for these projects are available from international monetary funds, but require $700 million in funds from the government’s budget, which could be provided through treasury bills. 
 
Businessnews.com.lb
29-12-2017
 
  COMMENTS
Login to Add Your Comment  (for subscribers) | Subscribe

 

Latest News

Sisi ratifies ‘Egypt Fund’ for mega national projects
Egypt Today, 20 August 2018

Egyptian President Abdel Fatah al-Sisi ratified a new law No. 177 for 2018 to establish a new sovereign fund named “Egypt Fund”. The law was published ...

Read full story
Sisi ratifies  ‘Egypt Fund’ for mega national projects
Chevron signs deal on field development with Basra Oil Company
The National, 19 August 2018

Iraq’s Basra Oil Company and Chevron signed an agreement to start oilfield development, with plans for a new energy company and a refinery, according to the ...

Read full story
Chevron signs deal on field development with Basra Oil Company
Qatar's real estate sector records massive growth in June sales
The Peninsula, 16 August 2018

Despite the ongoing economic blockade imposed by some of Qatar’s neighboring states, the number of real estate transactions signed in June 2018 nearly ...

Read full story
Qatar's real estate sector records massive growth in June sales
25 consortiums interested in hydro-power production in Lebanon
Business News, 15 August 2018

25 consortiums interested in hydro-power production in Lebanon
Back to Home Page 2973 --- 0 <><><> 471.5.....exvideo=0....eximage=0
P -1
BR 0

 
Entertainment KSA
3 - September 2018
The 2nd Annual Digital Transformation Summit
17 - September 2018
Future Traffic Security
24 - September 2018
Future Civil Defense
24 - September 2018
Global Road & Traffic Safety Forum - Abu Dhabi
24 - September 2018
 
  View more  

Market Indecies
 
Saudi SE - 2.32%
Dubai FM - 4.53%
Abu Dhabi SE - 3.99%
Kuwait SE - 1.51%
Doha SM - 8.36%
Muscat SM - 6.18%
Casablanca SE Closed
Bahrain SE - 0.98%
Cairo SE Closed
Amman SE - 1.12%
 

Quick Links
  Reports  
  Articles  
  Brochures & Flyers  

Up-coming events
  Beirut Boat - 30 April - 4 May 2019  
  Project Lebanon - 18 June - 21 June 2019  
  Energy Lebanon - 18 June - 21 June 2019  
IFP Group Events Calendar

Magazine sections
  Finance  
  Zoom  
  Growth Markets  
  Regional Overview  
  Editorial  
  Tips and Tricks  
  Spotlight  
  Home Finance  
  Our Meetings
 
  Focus
 
  News
 
  Legal Issues
 

 

               
IFP Corporate
• IFP Emirates
• IFP Lebanon
• IFP Qatar
• IFP Iraq
• REC Saudi Arabia
• IFP China
Lebanon
Beirut Boat
Energy Lebanon
Project Lebanon
Qatar
Hospitality Qatar
HQ - Food Qatar
Project Qatar
Iraq
Iraq Agrofood Baghdad
Project Iraq Baghdad
Saudi Arabia
Riyadh Motor Show
 
 
  IMC
IFP Group 2018 - © All rights reserved