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NEWSLETTER

March 29 - April 9

Multi-billion German plan for
Beirut Port and neighborhood

Up to $15 billion project with EIB funding

Germany is getting ready to propose on April 7 a multi-billion-dollar project to rebuild the Port of Beirut and surrounding areas according to an exclusive dispatch from Reuters news agency. The project cost ranges from $5 billion to $15 billion, and would create up to 50,000 jobs.

The European Investment Bank (EIB) has agreed to help fund clearing the destructed area and reconstruct facilities. EIB funding has been estimated at €2 billion to €3 billion.

In addition to the PoB itself, the proposal includes the redevelopment of mor...more


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