Lebanon’s quarries: A sector that could have contributed more than 2 billion to state treasury

News Bulletin Reports
21-12-2022 | 10:26
High views
Share
LBCI
Share
LBCI
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
Lebanon’s quarries: A sector that could have contributed more than 2 billion to state treasury
Whatsapp
facebook
Twitter
Messenger
telegram
telegram
print
2min
Lebanon’s quarries: A sector that could have contributed more than 2 billion to state treasury
In a bankrupt nation like Lebanon that is eager to raise money, reviving its faltering treasury is possible in more than one field, including regulating the drilling, and crushing sectors.
 
There are 1,235 quarries in Lebanon spread across an area of 15 million square meters that can contribute $2,394 billion in dues or direct financial compensation from 2007 to 2021.
 
A study by the Ministry of Environment and the United Nations Development Program, based on a field investigation by the Lebanese Army, led to this database.
 
A committee led by the minister of justice and that includes ministers of the interior, finance, and environment, as well as the Army, meets regularly to discuss how to put this plan into practice.
 
How will this money be gathered for the treasury's benefit?
 
Caretaker Environment Minister Nasser Yassin told LBCI that the ministry of finance is looking into how dues are determined and collected, provided that it establishes yearly collection schedules.
 
However, discussions with the Ministry of Justice center on resolving the grievances of the people impacted by this industry and determining the amount of compensation to be awarded.
 
Yassin claimed that all quarries' real estate and the identities of their owners were now known, pointing out to the political favoritism that was actively taking place in this industry. 
 
He claimed that the Ministry of Interior is responsible for instructing governors and municipalities on how to implement their decisions and provide security support for them.
 
The battle to regulate the violations of the quarries sector is long and needs the insistence of those concerned to proceed with it, much like the battle that the state has fought and continues to fight against violations of marine property.
 

Breaking Headlines

Lebanon News

News Bulletin Reports

Lebanon

Quarries

Treasury

LBCI Next
Israeli army plans to reinforce border with Lebanon, prepares for withdrawal from Western sector
Recommended For You
d-none hideMe
LBCI
News Bulletin Reports
14:06

Warnings ignored: Israel maintains military pressure on Syria and Lebanon

LBCI
News Bulletin Reports
13:55

Le Drian's mission: France urges Lebanon to implement reforms before international conference

LBCI
News Bulletin Reports
13:48

Politics get in the way: Lebanon nears decision on BDL governor

LBCI
News Bulletin Reports
2025-03-24

Amid recent escalation, can US pressure influence Israel’s strategy toward Lebanon?

Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
LBCI
News Bulletin Reports
2025-03-14

Bank loans are back in Lebanon: Who qualifies?

LBCI
Lebanon News
2025-03-23

Sunday, March 30, declared first day of Eid al-Fitr by Sayyed Fadlallah

LBCI
Lebanon News
06:59

Massive fire erupts at fuel station in Hermel (Video)

LBCI
Israel-Gaza War Updates
2025-03-19

Gaza ministry toll shows 970 deaths in two days after Israel launched new strikes

Videos
d-none hideMe
LBCI
Lebanon News
2025-03-23

LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light

LBCI
Middle East News
2025-03-19

Israeli official urges international support for Lebanese government and army

LBCI
Lebanon News
2025-02-23

Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral

LBCI
Lebanon News
2025-02-23

Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)

LBCI
Lebanon News
2025-02-23

Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)

LBCI
Lebanon News
2025-02-14

Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events

LBCI
Lebanon News
2025-02-13

Saad Hariri holds series of diplomatic and religious meetings in Beirut

LBCI
Lebanon News
2025-02-13

LBCI monitors removal of barriers and barbed wire in Downtown Beirut

LBCI
Lebanon News
2025-02-10

Armed robbery in Beirut's Hamra turns deadly as shop owner shoots fleeing robbers (Video)

Most read
d-none hideMe
24 hours
7 days
Month
LBCI
Lebanon Economy
09:11

Who are the three candidates Lebanon's Finance Minister nominated for BDL governor?

LBCI
News Bulletin Reports
14:06

Warnings ignored: Israel maintains military pressure on Syria and Lebanon

LBCI
Lebanon News
08:46

PM Nawaf Salam reaffirms commitment to reactivating Qlayaat Airport

LBCI
Lebanon News
06:29

PM Nawaf Salam visits René Moawad Airport in Qlayaat

LBCI
Lebanon Economy
08:27

Lebanon's Finance Minister proposes three candidates for Central Bank governor: Sources to LBCI

LBCI
News Bulletin Reports
13:48

Politics get in the way: Lebanon nears decision on BDL governor

LBCI
Lebanon News
06:04

Lebanese PM Nawaf Salam visits Tripoli: The state will not tolerate anyone who disrupts stability

LBCI
News Bulletin Reports
13:55

Le Drian's mission: France urges Lebanon to implement reforms before international conference

Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
Download now the LBCI mobile app
We use
cookies
We use cookies to make
your experience on this
website better.
Accept
Learn More