The Fort Worth Press - Lebanon to get Spanish funds for railway revival plan: minister

USD -
AED 3.672498
AFN 66.278316
ALL 82.286767
AMD 381.405623
ANG 1.790403
AOA 916.999793
ARS 1450.706703
AUD 1.513581
AWG 1.8
AZN 1.698045
BAM 1.668053
BBD 2.013416
BDT 122.25212
BGN 1.66911
BHD 0.376892
BIF 2955.517555
BMD 1
BND 1.290672
BOB 6.907492
BRL 5.522098
BSD 0.999672
BTN 90.191513
BWP 13.210404
BYN 2.933001
BYR 19600
BZD 2.010516
CAD 1.378835
CDF 2264.000414
CHF 0.7951
CLF 0.023226
CLP 911.140143
CNY 7.04125
CNH 7.036675
COP 3863.71
CRC 498.08952
CUC 1
CUP 26.5
CVE 94.043045
CZK 20.770014
DJF 178.015071
DKK 6.373899
DOP 62.81557
DZD 129.690059
EGP 47.531396
ERN 15
ETB 155.468002
EUR 0.853102
FJD 2.28425
FKP 0.746872
GBP 0.74752
GEL 2.689727
GGP 0.746872
GHS 11.495998
GIP 0.746872
GMD 73.501894
GNF 8739.594705
GTQ 7.656257
GYD 209.143749
HKD 7.781275
HNL 26.330401
HRK 6.428399
HTG 130.92649
HUF 330.617817
IDR 16751.25
ILS 3.20355
IMP 0.746872
INR 90.15685
IQD 1309.515179
IRR 42125.000016
ISK 125.929659
JEP 0.746872
JMD 159.951556
JOD 0.709052
JPY 155.995027
KES 128.950128
KGS 87.450063
KHR 4003.445658
KMF 420.999734
KPW 899.993999
KRW 1478.805034
KWD 0.306899
KYD 0.83301
KZT 515.774122
LAK 21648.038141
LBP 89518.671881
LKR 309.300332
LRD 176.937412
LSL 16.761238
LTL 2.95274
LVL 0.60489
LYD 5.418406
MAD 9.162342
MDL 16.859064
MGA 4495.599072
MKD 52.499158
MMK 2100.057046
MNT 3547.602841
MOP 8.012145
MRU 39.906011
MUR 46.10406
MVR 15.459757
MWK 1733.41976
MXN 18.005101
MYR 4.0825
MZN 63.910384
NAD 16.761166
NGN 1455.979562
NIO 36.785119
NOK 10.16495
NPR 144.308882
NZD 1.735675
OMR 0.384372
PAB 0.999663
PEN 3.365814
PGK 4.308816
PHP 58.6977
PKR 280.102006
PLN 3.58523
PYG 6673.859367
QAR 3.645474
RON 4.343302
RSD 100.111728
RUB 79.948639
RWF 1455.461927
SAR 3.750853
SBD 8.140117
SCR 13.592982
SDG 601.496241
SEK 9.29012
SGD 1.291295
SHP 0.750259
SLE 24.101968
SLL 20969.503664
SOS 570.329558
SRD 38.678006
STD 20697.981008
STN 20.895879
SVC 8.747159
SYP 11058.365356
SZL 16.766099
THB 31.4145
TJS 9.231602
TMT 3.51
TND 2.921974
TOP 2.40776
TRY 42.809903
TTD 6.783
TWD 31.562501
TZS 2490.000132
UAH 42.222895
UGX 3571.01736
UYU 39.172541
UZS 12055.48851
VES 279.213397
VND 26313
VUV 121.372904
WST 2.784715
XAF 559.461142
XAG 0.015167
XAU 0.000231
XCD 2.70255
XCG 1.801636
XDR 0.695787
XOF 559.458756
XPF 101.714719
YER 238.449719
ZAR 16.75075
ZMK 9001.203721
ZMW 22.742295
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    0.0000

    80.22

    0%

  • RELX

    0.0900

    40.65

    +0.22%

  • RYCEF

    0.5400

    15.4

    +3.51%

  • CMSD

    0.0000

    23.28

    0%

  • VOD

    -0.0100

    12.8

    -0.08%

  • NGG

    -0.7700

    76.39

    -1.01%

  • RIO

    0.4400

    77.63

    +0.57%

  • CMSC

    0.0300

    23.29

    +0.13%

  • BCE

    -0.3000

    22.85

    -1.31%

  • GSK

    -0.4200

    48.29

    -0.87%

  • BCC

    1.4100

    77.7

    +1.81%

  • AZN

    0.7500

    90.61

    +0.83%

  • JRI

    0.0000

    13.43

    0%

  • BTI

    -0.1300

    57.04

    -0.23%

  • BP

    -1.1600

    33.31

    -3.48%

Lebanon to get Spanish funds for railway revival plan: minister
Lebanon to get Spanish funds for railway revival plan: minister

Lebanon to get Spanish funds for railway revival plan: minister

Lebanon's transport minister has said that Spain will finance a plan to revive the railway network that has been out of service since the start of the 1975-1990 civil war.

Text size:

A deal for a "comprehensive master plan for the 407 kilometre-long (252 miles) railway" is expected next month, Public Works and Transport Minister Ali Hamie told AFP during an interview on Wednesday.

"We should sign a deal with the Spanish government within three weeks," Hamie said, adding that the plan should be completed six months after an agreement is clinched.

Lebanon had a railway network since the end of the 19th century which connected Beirut to the Syrian capital Damascus.

It was built during Ottoman rule and inaugurated in 1895, operating until the devastating civil war begun 47 years ago.

Several proposals to revamp the network -- and public transport in general -- were made after the end of the war in 1975 but were shelved.

The network, like most of Lebanon's post-war infrastructure, fell into disrepair, and illegal construction sprouted along the railway.

With public transport effectively non-existent, there are more than two million cars for six million people in Lebanon.

In 2018, the World Bank approved a $295 million package to jumpstart the country's first modern public transport system.

But that too was put on hold as Lebanon has been struggling since 2019 with a major financial crisis dubbed by the World Bank as one of the planet's worst in modern times.

Spain's government will pay a Spanish firm to draft a feasibility study, a survey of current infrastructure and proposals to settle infringements on the rail network, Hamie said.

The master plan, he said, could serve as a way to attract potential investors for the rehabilitation of the railway.

Lebanon's cash-strapped public works ministry is trying to attract funds in foreign currency by launching tenders for top facilities.

They include the Beirut International Airport and the Beirut port, where an explosion caused by a huge stockpile of ammonium nitrate fertiliser in August 2020 killed more than 200 people and destroyed swathes of the capital.

Next week, Hamie is due to sign a 10-year contract with French shipping giant CMA CGM to run the container terminal at Beirut port.

The Lebanese government in partnership with the World Bank is also working on drafting a roadmap for the reconstruction of the port which should be ready by August, Hamie said.

"The master plan for the port lays out a framework for optimal investment" before the start of reconstruction which is estimated to cost $500-600 million, the minister told AFP.

T.M.Dan--TFWP