European Bank To Fund Public Transport Project In Lebanon’s Tripoli

European Bank To Fund Public Transport Project In Lebanon’s Tripoli

BEIRUT, Oct 2 (NNN-NNA) – The European Investment Bank, announced that, it will fund the public transport project, for Lebanon’s northern city of Tripoli.

“The bank is ready to finance the project, as a basic need to solve the traffic crisis in Tripoli, in addition to finalising the railway studies, for building a railway from Beirut to Tripoli,” the bank’s delegation said, during its meeting with Lebanese Public Works and Transport Minister, Youssef Fenianos.

The bank will fund the building of a complete network inside Tripoli and its suburbs, including the establishment of a major passenger terminal, at the southern entrance of the city.

The bank will also purchase buses and create an information technology system, to manage the project.

Lebanon lacks a sustainable and efficient transport system and infrastructure, causing a traffic crisis.

The absence of serious plans to improve public transportation has weighed heavily on Lebanon’s economy in the past years.– NNN-NNA

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