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Cabinet extends maritime export bridge one more year
1-6-2017
After the Cabinet’s decision of May 17th to continue its support for the sea bridge export programme implemented by the Investment Development Authority of Lebanon, IDAL’s president Nabil Itani, announced a one-year extension (at a cost of LBP 21 billion) of the said plan. The period will start as soon as the allocations are secured, Itani said, noting that the programme, launched back in 2015 and renewed until March this year, was assigned an equal sum of LBP 21 billion (USD 14 million). IDAL head underlined the stepping up of efforts to restore work with the maritime bridge, disclosing that the government has decided to earmark LBP 14.5 in 2017, while the remaining amount will be deducted from the 2018 budget. Itani boasted that the sea bridge which, since 2015 has exported close to 81 thousand tons of made-in-Lebanon industrial and agricultural products, is expected to export between 50 to 60 thousand tons from the date of securing the allocations until the end of this year. Itani stressed the importance of this step which, he said, shall contribute to the continued export of Lebanese produce, ad prevent possible recession or destruction of the seasons with the resulting considerable losses on farmers. (Al Mustaqbal, June 1, 2017
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- العربية
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