Friday, April 7, 2017

$300 million in finance for projects approved. Highways, water, wasterwater, Bisri dam


Parliament has ratified a number of financing agreements worth $303 million, to conduct infrastructure projects in a number of regions. The four financing agreements have been offered by the Islamic Development Bank (IDB).

Parliament approved a $26.7 million loan to execute part of the 'South Coastal Highway'. The loan will be paid over a period of 12 years, with a three year grace period. It will cover the construction of a three-kilometer road between Burj Rahhal and Abbasieh. It includ...

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