Lebanon: Partnership between Public, Private Sectors to Develop Infrastructure

Lebanon: Partnership between Public, Private Sectors to Develop Infrastructure

Thursday, 8 March, 2018 - 11:15
A private generator, that provides electricity for a neighborhood, is pictured at a residential area in Sibline village, in the Chouf area, Mount Lebanon October 26, 2015. REUTERS/Aziz Taher
Beirut - Asharq Al-Awsat
International Finance Corporation (IFC) in Lebanon Director Saad Sabra said that the corporation invested approximately half billion American dollar during the past years, lauding the government’s approach towards reinforcing the private sector role.

Sabra made his statement during events of the second day of Investment in Infrastructure Conference, which was concluded on Wednesday, knowing that it is a preparatory conference of Cedre Conference set for April 6.

Attendees underpinned importance of partnership between the public and private sectors to accomplish government projects and develop infrastructure. The first session tackled infrastructure projects that are nominated for partnership.

Public Works and Transportation Minister Youssef Fenianos underscored importance of developing Rafic Hariri International Airport and expanding the external and internal building to increase the capacity from six million passengers to eight million. Fenianos said that the ministry relies on the partnership law between the two sectors in the aviation field to insure the required funding.

Energy Minister Cesar Abi Khalil said that the government approved in 2010 a policy related to the electricity sector, representing a national strategy for the sector. Its main points are: increasing electricity production, diversifying sources, restructuring and organizing tariffs gradually, developing energy production sites and adopting IPP to support the private sector partnership in building new power production sites.

Nabil al-Jisr, president of Lebanon's Council for Development and Reconstruction, showcased the investment project in infrastructure and services, which was prepared by the council in cooperation with relevant ministries and institutions.

He described it as “ambitious investment project”. He added that the project includes air, navy and land transportation sector in addition to sanitation, electricity, telecommunication, solid waste and some projects related to industrial zones.

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