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Tag: Beirut

Lebanon To Compensate For Beirut Blast Lost Homes, Businesses

Destruction at Beirut port after the mega-blast that ravaged swathes of the Lebanese capital on August 4


ANWAR AMRO

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Lebanon on Thursday unveiled a compensation programme for the thousands of homes and businesses devastated by the August 4 mega-blast at Beirut’s port.

President Michel Aoun signed a decree allocating 100 billion Lebanese pounds (more than $66 million at the official exchange rate, or $13 million on the black market) to the programme, his office said.

It added that the army and Beirut municipality would be tasked with setting up a mechanism to distribute the funds.

The compensation will go to owners of homes and businesses damaged in the explosion that left more than 190 dead and devastated swathes of the capital, a source at the presidency said.

According to an assessment by the army, the blast caused by a consignment of ammonium nitrate damaged almost 61,000 homes and

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