Public works contracts
worth $12.5 billion in 25 years
Transport, solid waste
and water projects top the list
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The total value of contracts awarded by the Council for Development and Reconstruction (CDR) since 1992 reached $12.5 billion. It rose by four percent in 2014. Foreign funding of contracts stood at $5 billion, up by $100 million.
No new contracts in physical infrastructure were awarded in 2014. Completed and ongoing contracts are still at $5.3 billion till end 2014. Transportation continued to be the largest consumer of contracts with $3 billion worth of projects in 25 years. It was followed by electricity ($1.5 billion), and telecom ($800 million).
Basic services contracts reached $4 billion with $2.2 billion in solid waste projects. Water supply projects were valued at $1.1 billion and wastewater at $838 million.
The value of social and economic sectors rose by six percent in 2014 to amount to a total of $1.8 billion, with $1.3 billion spent on education. They included public health, environment and regional planning, as well as social and economic affairs, which have a combined value of $500 million.
Productive sectors that included agriculture and sovereign services remained stable at $1.3 billion.
The contracts in progress in all sectors had a value of $4 billion.
Below is the table of sector distribution according to the value of contracts since 1992 to the end of 2014:
Sector | % |
Transportation | 25 |
Solid waste | 18 |
Water supply and wastewater | 15 |
Electricity | 12 |
Education | 10 |
Other sectors | 10 |
Telecom and post | 7 |
Public health | 3 |
Total | 100 |
Source: CDR report October 2015
Reported by Yassmine Alieh
Date Posted: Dec 23, 2015
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