World Bank loan to revitalize historic cities in Lebanon.

0 Comments | M2 Presswire, April, 2003

M2 PRESSWIRE-18 April 2003-WORLD BANK: World Bank loan to revitalize historic cities in Lebanon(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:04172003 WASHINGTON - The World Bank today approved a US$31.5 million loan to the Government of Lebanon to create the conditions for increased local economic development and enhanced quality of life in the historic centers of five main secondary cities, and improve the conservation and management of Lebanon's built cultural heritage.

The proposed Cultural Heritage and Urban Development project (CHUD) will extend technical assistance and targeted investments in the cities of Baalbeck, Byblos, Saida, Tripoli and Tyre where signs of damage, decay, poverty and economic stagnation from the civil war are still visible. Lebanon...