The Grand Serail in Beirut, Feb. 13, 2024. (Credit: Philippe Hage Boutros/L'Orient-Le Jour)
The government did not rule Friday on the extension of Solidere’s mandate, but it did validate the framework under which it will be discussed. Meeting in Baabda, the Cabinet approved, with some adjustments, the roadmap developed by the ministerial committee responsible for the case, the main elements of which L'Orient-Le Jour revealed before the meeting. It rejects the 25-year extension requested by the company in favor of a limited extension of eight years, renewable only once and accompanied by performance obligations.Several ministers questioned the level of detail in the text, considering that a framework meant to initiate discussions was not supposed to go into such depth, L'Orient-Le Jour learned. This was reportedly the main reservation expressed during the session. Another objection concerned the scope of the document: by...
The government did not rule Friday on the extension of Solidere’s mandate, but it did validate the framework under which it will be discussed. Meeting in Baabda, the Cabinet approved, with some adjustments, the roadmap developed by the ministerial committee responsible for the case, the main elements of which L'Orient-Le Jour revealed before the meeting. It rejects the 25-year extension requested by the company in favor of a limited extension of eight years, renewable only once and accompanied by performance obligations.Several ministers questioned the level of detail in the text, considering that a framework meant to initiate discussions was not supposed to go into such depth, L'Orient-Le Jour learned. This was reportedly the main reservation expressed during the session. Another objection concerned the scope of the document:...
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