Beirut: Digitalization is one of key foundational stones for the reconstruction and modernization of the Port of Beirut (PoB) operations, according to a new World Bank note that aims to provide guidance to policymakers on the crucial requirements for
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Modern Diplomacy
Published 3 months ago
Reforming Lebanon’s port sector is a prerequisite for building back a better Port of Beirut and revitalizing the Lebanese economy, according to a new World Bank note that aims to provide guidance to policymakers on the crucial additional requirements for the rebuilding of the Port of Beirut (PoB).
The note titled
“Reforming and Rebuilding Lebanon’s Port Sector: Lessons from Global Practices“ summarizes global best practices in port governance and border management reforms, and offers a set of guiding principles to help inform port sector reforms in Lebanon and pave the way to rebuild a better PoB. The note also draws on extensive consultations with public and private sector organizations, civil society, academia, and the diplomatic and donor communities.
World Bank: Beirut Port damage cost is $350mln
The World Bank Tuesday estimated the cost of damage at Beirut Port from the Aug. 4, 2020 blast at $350 million, but insisted that reforming this facility should be one of the conditions before rebuilding it.
“Reforming Lebanon’s port sector is a prerequisite for building back a better Port of Beirut and revitalizing the Lebanese economy,” according to a new World Bank note that aims to provide guidance to policymakers on the crucial additional requirements for the rebuilding of the port.
The World Bank’s Rapid Damage and Needs Assessment estimated the cost of damage at Beirut Port around $350 million.