Printer Friendly

LEBANON: TRANSPORT SYSTEM DATA.

Summary: According to Fitch Solutions, Lebanon's transport system is its strongest scoring pillar in FitchEe's Logistics Risk Index.

According to Fitch Solutions, Lebanon's transport system is its strongest scoring pillar in FitchEe's Logistics Risk Index. This is largely due to the fact that prior to the many decades of war and conflict which the country endured through the 1970s-90s and in the early 2000s, its road network was extensive and well connected to its neighbouring peers. Consequently, the country scores a relatively low 51.2 out of 100 for its Transport Network and ranks in 10th place out of the 18 MENA states. Additionally, Lebanese ports are still competitive and serve as a maritime time hub for Jordan, Syria, Iraq and the Persian Gulf States. The problem largely lies in the quality of infrastructure available which has suffered from lack of maintenance and investment. Road quality is very poor and rail services nonexistent (the last trains to use the Lebanese rail system were in the late 1990s), and the country's main airport is battling to cope with the number of passenger traffic it is receiving at present. Supply chains with the exception of maritime, can therefore expect numerous delays when hauling freight in Lebanon. There are several promising road projects being funded by the World Bank which are expected to improve some of the road networks over the medium term, but the poor fiscal position of the Lebanese government is preventing projects in the rail, port and air sectors from seeing any significant traction. In February 2017, the World Bank announced that it had earmarked US$ 200 million to upgrade the road network in Lebanon. The funds would be used to renovate about 500 km of roads in the first phase of the government's larger plan to rehabilitate the road sector.

Copyright [c] EMBIN (Emerging Markets Business Information News) Provided by SyndiGate Media Inc. ( Syndigate.info ).

COPYRIGHT 2019 SyndiGate Media Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:EMBIN (Emerging Markets Business Information News)
Geographic Code:7LEBA
Date:Sep 11, 2019
Words:316
Previous Article:FRANCE: VEOLIA KUWAIT PROJECT.
Next Article:UAE: ALDAR NEW PROJECTS.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters