Wednesday, August 16, 2006

Report: Lebanon Reconstruction Costs Top $7B

Lebanon is facing a massive rebuilding effort. On Tuesday, the Centre for Economic Research in Beirut said repair and reconstruction costs will rise above $7 billion dollars. The costliest repairs will be for Lebanon's roads and bridges. According to the Guardian of London, Israel bombed more than 94 roads and 70 bridges during its attack. At least 10,000 homes are believed to have been damaged or left in ruins. Last week, the Beirut Daily Star reported more than nine hundred small and medium-sized business were destroyed, causing an estimated $200 million dollars in damage.

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