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Infrastructure rehabilitation awaits Cedar & government formation
19-12-2018
The Lebanese authorities seek to implement a number of major construction projects under the Cedar donor conference (c.f: http://www.lkdg.org/node/17792), including some undertakings that were, until now, kept secret. Among these projects, An Nahar daily mentioned the Tripoli Special Economic Zone (SEZ). The latter’s president, Raya Hassan, announced during the Cedar conference the completion of the financial and economic feasibility study in preparation for launching the infrastructure development bid in early 2019, and the anticipated operation of the zone in 2020. Recalling, that the projected sectors inside SEZ include, a center for consulting services, a complex housing public sector departments, companies or local and international institutions, a training venue and a startup accelerator center.
Meanwhile, the Parliamentary Committee on Foreign Affairs and Immigration held a session on December 4 chaired by MP Yassin Jaber during which it ratified two draft bills. The first is the proposal requesting the approval for the signing of a loan agreement between Lebanon and the Arab Fund for Social Economic Development. This secures the financing of a project to rehabilitate the main road north of the Arab Highway, in line with Lebanon’s ambition to become the gateway to Syria and from there to Iraq and the Arab world. The second is an agreement between Lebanon and the World Bank for the construction of the public transport system in the Greater Beirut area. (Al Mustaqbal, An Nahar, December 12, 15, 2018)
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