Public transport reform plan proposed. Comprehensive approach to be presented to Council of Ministers

The Ministry of Public Works and Transport has launched a plan to reform the public transport system.

The plan was prepared by the Confederation of Public Drivers and Transport Unions in collaboration with donor organizations.

Bassam Tleis, Chairman of the Confederation, said: "The Minister of Public Works Youssef Fenianos promised us that the plan will be on the agenda of the upcoming Cabinet meeting."

The plan is made of three levels: The first requires the approval of min...

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EU program offers below-market rates. Public and private sectors can tap €4 billion in concessional financing

The European Union launched an External Investment Plan (EIP), a scheme which provides concessional financing for projects in 70 countries, including Lebanon.

The EU did not specify a ceiling for each country. The total funds available to finance projects amount to €4 billion.

"Projects can be developed by the Government or private sector or financial institutions. They will enjoy financing with rates that are cheaper than the market rate," said Michael Kӧhler, Director of the Neig...

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