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Bill for reconstruction in Lebanon put at 3 billion euros

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Bill for reconstruction in Lebanon put at 3 billion euros


As reconstruction gets underway in earnest in Lebanon, new estimates put at 3 billion euros the cost of repairing the physical damage to the country, while the cost in lost economic production could run to another 2 billion.

30 000 homes were hit in a month of bombardment and more than a hundred bridges destroyed.

The President of Lebanon Emile Lahoud has made a televised address to the nation – praising the “resistance forces” who’d destroyed the myth that Israel had “an undefeatable army”.

As funerals were held for some 250 victims of the conflict, President Lahoud called on the people of the country to rise up again – saying that many countries would come aid them but that the primary responsiblity was their own.

Government officials believe it will take at least a year to rebuild the country’s infrastructure and three years to repair or replace damaged buildings.

Around 900,000 people were displaced during the conflict – or one quarter of the country’s population.

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