The Japan Times - Lebanon to get Spanish funds for railway revival plan: minister

EUR -
AED 3.753404
AFN 78.286078
ALL 99.563269
AMD 414.455706
ANG 1.867998
AOA 465.988222
ARS 1090.763391
AUD 1.658827
AWG 1.841983
AZN 1.737435
BAM 1.953706
BBD 2.092757
BDT 126.394506
BGN 1.953706
BHD 0.390781
BIF 3068.011107
BMD 1.021905
BND 1.406592
BOB 7.162322
BRL 5.969939
BSD 1.036489
BTN 89.734805
BWP 14.436524
BYN 3.391964
BYR 20029.32866
BZD 2.081968
CAD 1.504611
CDF 2915.493847
CHF 0.936392
CLF 0.03704
CLP 1022.044374
CNY 7.344225
CNH 7.521288
COP 4305.08497
CRC 522.839519
CUC 1.021905
CUP 27.08047
CVE 110.146923
CZK 25.186873
DJF 184.57214
DKK 7.461528
DOP 64.031359
DZD 140.034883
EGP 52.043138
ERN 15.328568
ETB 132.769172
FJD 2.373833
FKP 0.841627
GBP 0.83195
GEL 2.922946
GGP 0.841627
GHS 15.858
GIP 0.841627
GMD 74.088942
GNF 8959.395573
GTQ 8.017405
GYD 216.847541
HKD 7.964611
HNL 26.403695
HRK 7.541193
HTG 135.574665
HUF 408.764914
IDR 16713.503957
ILS 3.653298
IMP 0.841627
INR 88.457588
IQD 1357.744505
IRR 43022.1807
ISK 144.660495
JEP 0.841627
JMD 163.464767
JOD 0.72474
JPY 158.392645
KES 133.706667
KGS 89.36504
KHR 4170.529214
KMF 483.207646
KPW 919.714185
KRW 1489.712239
KWD 0.315237
KYD 0.863774
KZT 537.084248
LAK 22549.826699
LBP 92816.501175
LKR 308.878883
LRD 206.258891
LSL 19.346561
LTL 3.017419
LVL 0.61814
LYD 5.088545
MAD 10.403947
MDL 19.351256
MGA 4819.833163
MKD 61.464111
MMK 3319.10603
MNT 3472.43168
MOP 8.319981
MRU 41.521489
MUR 47.671889
MVR 15.746973
MWK 1797.273332
MXN 21.646135
MYR 4.552597
MZN 65.31024
NAD 19.346561
NGN 1535.922225
NIO 38.139115
NOK 11.752453
NPR 143.576087
NZD 1.827916
OMR 0.393483
PAB 1.036489
PEN 3.855767
PGK 4.220476
PHP 59.700716
PKR 289.099187
PLN 4.218143
PYG 8175.236358
QAR 3.77815
RON 4.891561
RSD 117.004572
RUB 102.190148
RWF 1471.222856
SAR 3.832863
SBD 8.638863
SCR 14.657193
SDG 614.164444
SEK 11.509057
SGD 1.396642
SHP 0.841627
SLE 23.376085
SLL 21428.826823
SOS 592.364988
SRD 35.86834
STD 21151.360419
SVC 9.069278
SYP 13286.802599
SZL 19.334274
THB 34.366566
TJS 11.33385
TMT 3.586885
TND 3.310451
TOP 2.393402
TRY 36.67156
TTD 7.030463
TWD 33.666611
TZS 2642.966753
UAH 43.226062
UGX 3815.909364
USD 1.021905
UYU 44.851919
UZS 13448.583186
VES 59.649181
VND 25629.365448
VUV 121.322557
WST 2.862178
XAF 655.25457
XAG 0.032642
XAU 0.000365
XCD 2.761748
XDR 0.792351
XOF 655.25457
XPF 119.331742
YER 254.326469
ZAR 19.293507
ZMK 9198.364507
ZMW 28.995917
ZWL 329.05284
  • CMSC

    -0.2100

    23.47

    -0.89%

  • CMSD

    -0.3800

    23.84

    -1.59%

  • BCC

    -2.5000

    126.16

    -1.98%

  • SCS

    -0.1600

    11.48

    -1.39%

  • NGG

    -0.3400

    61.4

    -0.55%

  • VOD

    -0.0700

    8.54

    -0.82%

  • RBGPF

    67.2700

    67.27

    +100%

  • RELX

    -0.4600

    49.89

    -0.92%

  • RIO

    -0.5000

    60.41

    -0.83%

  • RYCEF

    -0.0600

    7.43

    -0.81%

  • GSK

    -0.0900

    35.27

    -0.26%

  • BCE

    -0.1100

    23.79

    -0.46%

  • AZN

    -0.4800

    70.76

    -0.68%

  • BTI

    -0.0400

    39.64

    -0.1%

  • JRI

    -0.0400

    12.53

    -0.32%

  • BP

    -0.5500

    31.06

    -1.77%

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.

Y.Ishikawa--JT