Lebanon Businessnews News
 

Public works contracts
worth $12.5 billion in 25 years
Transport, solid waste
and water projects top the list
Share     Share on Facebook     Share on LinkedIn    
WatsApp
The total value of contracts awarded by the Council for Development and Reconstruction (CDR) since 1992 reached $12.5 billion. It rose by four percent in 2014. Foreign funding of contracts stood at $5 billion, up by $100 million.

No new contracts in physical infrastructure were awarded in 2014. Completed and ongoing contracts are still at $5.3 billion till end 2014. Transportation continued to be the largest consumer of contracts with $3 billion worth of projects in 25 years. It was followed by electricity ($1.5 billion), and telecom ($800 million).

Basic services contracts reached $4 billion with $2.2 billion in solid waste projects. Water supply projects were valued at $1.1 billion and wastewater at $838 million.

The value of social and economic sectors rose by six percent in 2014 to amount to a total of $1.8 billion, with $1.3 billion spent on education. They included public health, environment and regional planning, as well as social and economic affairs, which have a combined value of $500 million.

Productive sectors that included agriculture and sovereign services remained stable at $1.3 billion.

The contracts in progress in all sectors had a value of $4 billion.

Below is the table of sector distribution according to the value of contracts since 1992 to the end of 2014:
Sector%
Transportation25
Solid waste18
Water supply and wastewater15
Electricity12
Education10
Other sectors10
Telecom and post7
Public health3
Total100

Source: CDR report October 2015
Reported by Yassmine Alieh
Date Posted: Dec 23, 2015
Share     Share on Facebook     Share on LinkedIn    
WatsApp