Salameh speaks during the conference in Beirut, Tuesday, March 6, 2018. (The Daily Star/Mohammad Azakir)
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Amid reminiscing on a 1993 investment conference in the era of late Prime Minister Rafik Hariri, the Lebanon Investment in Infrastructure Conference kicked off Tuesday in Beirut.Hariri gave a speech that focused, among other things, on the upcoming CEDRE conference, also known as Paris IV. The donor conference is scheduled for April 6 in the French capital and will focus on mobilizing support for Lebanon's economy. Funding such projects, said Nadim Munla, a senior adviser to the prime minister, was expected to come from three main sources, with the private sector targeted as the main source of funding.The second source of funding will be concessional financing facilities and the third will be the European Union, Munla added. Lebanon has recently passed a Public-Private Partnerships law. The total investments needed for the expansion, including the terminal and the necessary infrastructure improvements, are estimated at about $500 million, according to a document handed out during the conference.
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