World Bank cancels loan for controversial Lebanon dam

The World Bank said Friday it was canceling a loan to fund a dam in Lebanon that environmentalists claimed could destroy a valley rich in biodiversity.

The Bisri Dam was partially suspended in June after the Washington-based development lender said it raised concerns about the project's implementation, and given the government of Lebanon until September 4 to finalize key agreements related to operations and maintenance as well as the environment.

In a statement, the World Bank said it had notified the government that it was withdrawing its financing "due to non-completion of the tasks that are preconditions to the commencement of construction."

"The canceled portion of the loan is $244 million and the cancelation is effective immediately," the bank said.

Located in a valley 30 kilometres (20 miles) south of the capital, the dam aims to supply drinking water as well as irrigation for 1.6 million residents.

Environmentalists and some farmers had disputed assurances from the government and the World Bank that the dam, to be built on a seismic fault line, does not increase the risk of earthquakes.

Roland Nassour, an activist who has campaigned against the project, said he was delighted the loan had been cancelled.

"Today one of the corruption deals in the country has collapsed," said Nassour, the coordinator of the Save Bisri initiative, adding that popular anger had made the project a "burden" for the global lender.

- 'Glimmer of hope' -

Eddy Akl, the owner of land expropriated by the state to build the dam, said the loan's withdrawal was a step in the right direction.

"The decision is of course positive. But our other battle will be for the state to hand us back our land," he said.

"It's a glimmer of hope, but no one knows what the state has in store for us next."

On social media, users shared the image of a stork flying across a valley in blossom, carrying a banner that read: "We saved the Bisri valley."

"Finally some good news in 2020," one wrote.

Gebran Bassil, the head of the president's Free Patriotic Movement political party and a backer of the project, claimed the Lebanese public would ask for a dam again soon.

"There will come a day when the Lebanese state, and with it the people of Beirut, Jezzine, Saida, Chouf, Baabda and Aley will ask for the Bisri dam to be funded," he wrote on Twitter.

"The need for water will become apparent... and nothing will do except to secure a new loan to return to the same dam."

Related Links
Water News - Science, Technology and Politics

Tweet

Thanks for being there;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Monthly Supporter
$5+ Billed Monthly

paypal only

SpaceDaily Contributor
$5 Billed Once

credit card or paypal

US cuts aid to Ethiopia over Nile dam quarrel
Washington (AFP) Sept 2, 2020
The United States suspended Wednesday a portion of its financial aid for Ethiopia citing the lack of progress in talks with Sudan and Egypt over a huge new dam on the Nile river. Washington has become increasingly concerned about the dispute over Ethiopia's move to keep filling the reservoir behind the 145-meter (475-foot) tall hydropower dam, which the two downstream countries say threatens their water supplies, the State Department said. "Due to Ethiopia's unilateral decision to fill the Gran ... read more