World Bank, UN grant $10 mn to mitigate impact of Beirut port blasts

A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut's reconstruction, the UN said

Beirut blast, Lebanon
The August 4 2020 explosion in the Port of Beirut tore through major grain silos. Photo: Bloomberg
IANS Beirut
1 min read Last Updated : May 19 2022 | 7:32 AM IST

A new $10 million grant will help Lebanon mitigate the environmental and health impacts of the Beirut port explosions on the neighbouring population and support Beirut's reconstruction, the UN said in a statement.

The grant given through the Beirut Critical Environment Recovery, Restoration and Waste Management Program, was agreed on Wednesday between the World Bank and the United Nations Development Program (UNDP) in the presence of Lebanon's Environment Minister Nasser Yassin, Xinhua news agency reported.

"This project will implement environmental recovery activities in the city of Beirut to mitigate risks of a solid waste crisis and other environmental impacts which resulted from the Port of Beirut explosion," said Saroj Kumar Jha, World Bank Mashreq Regional Director.

For her part, Melanie Hauenstein, UNDP Resident Representative, said addressing the impacts of the port explosion on the environment and people's health is of the utmost importance.

According to an assessment, physical damages to the Lebanese environment sector were about $20 to $25 million and the recovery and reconstruction needs were estimated at $75 to $100 million.

--IANS

int/khz/

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :World Bank Lebanon

First Published: May 19 2022 | 7:32 AM IST

Next Story