World Bank Grants Lebanon $80m for Infrastructure Projects

Published June 28th, 2000 - 02:00 GMT

The World Bank on Tuesday said it granted Lebanon an 80-million-dollar loan to finance infrastructure projects in Lebanese municipalities, reported the Daily Star newspaper. 

The accord was signed by World Bank country director for Lebanon, Padmanabharao Hari Prasad, and the Lebanese interior and municipal affairs minister, Michel Murr. 

Prasad said the money would be used for roads, street lighting, sidewalks, small water supply, sewerage and drainage infrastructure, the paper added. 

He said that, by concentrating on all but the four largest municipalities, "we hope to focus on the municipalities with low revenues and reach a high number of poor" people. 

He added that about 12 million dollars of the loan will be available for towns in the south of the country. 

"With the recovery, after 22 years, of this territory, this loan can help provide needed infrastructure right away," Prasad was quoted as saying - Albawaba.com 

 

© 2000 Al Bawaba (www.albawaba.com)

You may also like