World Bank approves over USD 1 billion for projects in Lebanon, Syria, Iraq

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....orld Bank approves over USD 1 billion for projects in Lebanon, Syria, Iraq<BR>PTI News<BR>Dated:- 25-6-2025<BR>PTI<BR>Beirut, Jun 25 (AP) The World Bank said on Wednesday it approved over USD 1 billion dollars for infrastructure and reconstruction projects in Iraq, Syria and Lebanon. The biggest amount went to Iraq, where the World Bank approved USD 930 million to help improve the country's railw....

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....ay infrastructure, boost domestic trade, create jobs and diversify the economy. The World Bank said the Iraq Railways Extension and Modernisation Project will improve services and increase freight capacity between the Umm Qasr Port on the Persian gulf in southern Iraq to the northern city of Mosul. “As Iraq shifts from reconstruction to development, enhanced trade and connectivity can stimulat....

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....e growth, create jobs, and reduce oil dependency," said Jean-Christophe Carret, director of the World Bank's Middle East division. The World Bank also approved for war-torn Syria a USD 146 million grant to help restore reliable, affordable electricity and support the country's economic recovery. It said the Syria Electricity Emergency Project will rehabilitate damaged transmission lines and trans....

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....former substations. Last month Syria signed an agreement with a consortium of Qatari, Turkish and US companies for the development of a 5,000-megawatt energy project to revitalise much of its war-battered electricity grid. For Lebanon, which is recovering from the 14-month Israel-Hezbollah war, the World Bank approved USD 250 million to support the most urgent repair and reconstruction of damage....

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....d critical public infrastructure and lifeline services. (AP) PY PY<BR> News - Press release - PIB....