Private sector to tap $6 billion in Lebanese public projects

The High Council for Privatization (HCP) has proposed a list of projects subject to Public Private Partnership (PPP) deals, which will be part of a $22 billion Infrastructure Investment Program (IIP).

The 18 projects that have been announced have a combined value of over $6 billion.

They include five projects in transport, five projects in wastewater, three projects in water, two projects in solid waste, one project in energy, one project in telecoms, and the Tripoli Special Economic Zone.

Ziad Hayek, Chairman of the HCP, said: “This is not an exhaustive list of potential PPP projects. Many of the projects currently under examination are not listed, for particular reasons in each case.”

He said that the presented projects are not all at the same level of development. “Some are more advanced, and others are still in very early development.”

Nabil Jisr, Chairman of the Council for Development and Reconstruction, said that these projects are part of the IIP which will be implemented in the next 12 years.

The Program will be divided into three phases, each with a four-year schedule.

The government will seek funding for the first two phases at the Cèdre donor conference that will be held in Paris on April 6.

Riad Salameh, Governor of the Central Bank said: “Our role is to create a proper environment for confidence for the private sector. This can be done by keeping the currency and banking sector stable.”

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