(MENAFN - Kuwait News Agency (KUNA)) Representative of Kuwait Fund for Arab Economic Development (KFAED) Nawaf Al-Dabbous inspected on Wednesday construction side of a main road linking the district of Al-Hazmiah just east of Beirut and the resort town of Sofar, located approximately in the middle of the Beirut-Damascus highway.
The project is aimed at facilitating flow of traffic between the capital and several regions, namely Mount Lebanon, the eastern Bekaa Valley and neighboring countries, said Al-Dabbous in remarks to KUNA.
KAFED is funding basic sections of the venture, such as Al-Sayyad roundabout, located at the eastern entrance of Beirut, where tunnels and causeways were being built, as well as Camille Chamoun Boulevard, also a key road intersection on the outskirts of the capital.
Large parts of the project will be finished in the end of the summer and the whole venture will be executed by the year-end, he added.
The venture also includes renovation of a five-km-long section between Al-Sayyad roundabout and the town of Al-Hazmiyeh, located on hills overlooking the capital. Three bridges and relays will be built in Al-Fayadiah district, where the ministry of defense is located.
Moreover, it is also aimed at building other tunnels and causeways farther eastward, in addition to beautifying the market of the resort town of Bhamdoun, a favorite recreational destination for many Kuwaiti tourists.
Totally, the project is aimed at rebuilding a road stretching for 24 kms, at a projected cost of USD 146 million.
KFAED has offered Lebanon 17 loans to Lebanon since 1966 -- valued at USD 550 million.