Civil War in Lebanon The civil war in Lebanon has had far

The civil war has continued for more than 16 years, and much devastation has exacted a heavy price from the Lebanese economy during that time. Estimated damage over the period exceeds $30 billion, a sum that would be difficult for healthy economies to inject to their systems, let alone an economy which has been crippled by war. In addition to the actual destruction brought about by political and military conflicts, the civil war has also resulted in a destruction of confidence in the nation and its economy, leading to additional deterioration in the economic sector.

The gross national product (GNP) has fallen, hyperinflation (100 percent in 1990) has been established, the national deficit has increased and the currency has been significantly depreciated. As a result, the buying power of the nation's citizens has been steadily eroded, those individuals who had the means to h

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hose that have not been destroyed have suffered greatly due to lack of maintenance. Replacement parts and other equipment is difficult to obtain, making maintenance difficult, and even in those situations where the appropriate materials have been obtained, there is often a shortage of qualified workmen to perform the tasks, with many having already left the country. In some cases, the workmen are available, but the financial resources required for purchase of the material or to pay the workmen have not been forthcoming. Transportation in particular has suffered during the war. Lebanon depends on a strong transportation infrastructure to maintain regional balance and to provide easy access to the outside world. In order to bring its transportation facilities up to standards that it enjoyed before the war, the government needs to attract private capital since it does not have the resources itself to fund such projects. Financing options such as Build, Operate, Transfer (BOT) provide a way for the government to bring about large transportation projects. The Proposed Project Under consideration is a highway which would extend from Beirut to the Syrian border. This artery would join the Arab highways which bring together the W
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Approximate Word count = 1205
Approximate Pages = 5 (250 words per page)

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