China to invest in development projects in Lebanon

China is ready to invest in the energy, land and maritime transport, as well as railway projects in Lebanon, said Chen Xiaojia, chairman of China's state-owned CITIC Construction Corporation, when meeting with Lebanese President Michel Aoun in capital Beirut.

"We are also looking forward to cooperate with Lebanese government in implementing infrastructure and water projects based on the priorities set by the Lebanese president," said Chen, discussing ways of strengthening the Chinese-Lebanese relations with Aoun on Friday.

China's interest in investing in Lebanon's projects goes in line with the Belt and Road Initiative proposed by China in 2013, according to Chen.

The initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes. It comprises the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

Meanwhile, Aoun renewed his support for the Belt and Road Initiative while praising the Lebanese-Chinese relations for its remarkable growth at different levels.

He also thanked China for supporting Lebanon in regional and international forums in addition to its great help for the country at the United Nations.

The president added that China's interest in investing in Lebanon's productive sectors and projects reflects its great willingness to lift the relation between the two countries to a new level.

After Lebanon formed its cabinet, the country is expected to go ahead with a nationwide development project at the value of 11 billion U.S. dollars pledged by international donors in soft loans.

The program includes around 250 projects in the electricity, water, and waste management sectors, in addition to industrial, tourism and agricultural projects.

Editor: 曹家宁
Today’s Recommendations

Ethiopian PM inaugurates Chinese-built industrial park

The industrial park, built by China Civil Engineering Construction Company, is part of the Ethiopian government's grand plan to transform the country's largely agrarian economy into an industrialized one by 2025.【detailed】

Chinese firm builds first freeway for Montenegro

The 41-km-long road under construction, supported with Chinese loans and engineering expertise under the Belt and Road Initiative, is the first phase of a 180-km-long highway, which will link the Adriatic port of Bar to landlocked Serbia.【detailed】
Related Stories