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CDR: USD 14 billion contracts over 24 years
8-1-2018
The total of contracts signed with the Council for Development and Reconstruction (CDR) in the period extending between 1992 and 2016 amounted to USD 14 billion, 44 thousand and 16 million, Al Mustaqbal newspaper reported on Saturday. Contracts worth of USD 8,243,24,000 were executed whereby others worth of USD 5,800,92 are still under execution. Al Mustaqbal added that while CDR activities cover various economic sectors, yet its intervention in implementing these activities vary from one sector to another as directed by the government and in view of the nature of the Lebanese free economy system, where the government’s role in productive sectors is more of a catalyst than a competitive party. The newspaper went on to say that, CDR collaborates with different ministries involved in carrying out investment undertakings, as well as, provides technical assistance. However, the tasks of operating and maintaining the implemented infrastructure are the responsibility of the competent ministries, hence, the CDR manages and executes the required operational and maintenance functions as asked by the Government, Al Mustaqbal explained. Accordingly, CDR activities focused on the following key sectors as such: transportation (24%), solid waste (20%), drinking water and sewers networks (17%), electricity (11%), education (9%), landline phone and postal services (6%), public health (3%) and other industries (10%). For more on contracts signed between January 1, 1992 and December 13, 2016, kindly visit the following link: https://goo.gl/eg2ARG. (Al Mustaqbal, January 6, 2018)
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