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FINANCIAL NEWS
Lebanon tries to seek infrastructure investments worth billions
15 Apr 2017
(MENAFN) According to Lebanese Prime Minister’s adviser, Nadim Munla, that Lebanon is seeking USD10-USD12 billion in infrastructure investment from the international community for the next seven years to cope with the huge presence of Syrian refugees in the country.
Also he said: “We estimate that we need around $1.5 billion in investments in infrastructure each year. The Council of Development and Reconstruction is working on a master plan for the needs of Lebanon and we will send this report to the international community, World Bank and other international banks to obtain long-term loans with a 1.4 percent interest only.”
Earlier, representatives from 70 national delegations, major donors and humanitarian and development organizations met in Brussels to raise funds for countries hosting Syrian refugees.
While at the conference, Saad Hariri urged the international community to finance major infrastructure projects in Lebanon to ease the refugees” impact.
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MENAFN1504201700450000ID1095393232
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