BEIRUT, 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.
Source: Nam News Network