A view of the partially destroyed Beirut neighbourhood of Mar Mikhael on August 5, 2020 in the aftermath of a massive explosion in the Lebanese capital.Two diplomatic sources with knowledge of the plans, who Reuters did not name, said the German government will make a multi-billion dollar proposal to rebuild the port and its surrounding area on April 7.
A senior Lebanese official, also unnamed, confirmed to the outlet that Germany was preparing a proposal for the port. The German foreign ministry did not respond to Insider's request for comment, nor to one from Reuters. Both Germany and France have been competing for the opportunity to become involved, Reuters said. In February, a German company was assigned to safely remove the hazardous materials that remain at the port,Germany's offer, which would cost between $5-15 billion, does not have financing yet — and to get it, the country must form a government capable of fending off financial collapse, the sources told Reuters.
An EIB spokesperson told Reuters no funding had been confirmed, adding the bank"stands ready" to help — as long as due diligence was followed. . Its cabinet has stayed on in a caretaker capacity, but Prime Minister designate Saad al-Hariri and President Michel Aoun have not been able to form a cabinet, Reuters reported. Start your day with the biggest stories in politics and the economy. Sign up for 10 Things in Politics.
So that’s the Lebanon strapped up to German banks for the next 50 yrs.... at least in’39 they were obvious with their plans!!
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kuku27 Install own supervision, it will be easier
Good luck with dat!
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