Laborers work at a construction site in Jal al-Dib, Thursday, March 15, 2018. (The Daily Star/Mohammad Azakir)
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The World Bank approved Thursday a $295 million package to overhaul Lebanon's decaying transport sector and secure employment for thousands of unskilled Lebanese and Syrian workers.The World Bank provides loans and grants to countries that have struggling economies.According to the World Bank, the project is expected to create 2 million labor days in construction jobs for low-income Lebanese and Syrians.Ziad al-Nakat, senior transport specialist at the bank, highlighted the large economic costs of traffic congestion in Lebanon which are estimated by various studies as between 5 percent and 10 percent of national GDP.The World Bank said that Lebanon's infrastructure in general had been deteriorating for years due to lack of funds.The project envisages the purchase of 120 buses to service 40 kilometers of dedicated Bus Rapid Transit lanes from northern districts to the heart of Beirut.
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