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Signature of two grant agreements with the People's Republic of China

The President of the Council for Development and Reconstruction, Eng. Nabil El-Jisr, and the Chinese Ambassador in Lebanon, Mr. Liu Zhiming, signed two grant agreements between the Lebanese Republic and the People's Republic of China at the Council for Development and Reconstruction.

The agreements consist of two grants: The first grant valued at 15 million Chinese Yuan, and the second grant valued at 20 million Chinese Yuan presented by the People's Republic of China to contribute in the economic and technical cooperation projects. Later on it will be decided on how to use those grants in coordination with the concerned authorities.

It is to be noted that the council of the ministers had approved in its Resolutions No. / 51 /  dated 21/12/2009, and No. / 27 / dated 5/1/2010, to accept the two grants mentioned above and authorized the President of the Council for Development and Reconstruction to sign them.


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