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Efficiency
and Effectiveness in Implementing the Plan
ELYSSAR
operations are kept away from administrative long procedures,
it will work in cooperation with possible developers and
investors to execute the development projects within minimum
periods.
Contracts for works will be negotiated and
signed after tenders offered by local and international
contractors previously pre-qualified for each project.
Pre-qualifications and tenders announcements will be published
in local press or international press if necessary. Works will
be executed in phases according to the time/financial schedule
for the development of the area, and within a global estimated
time frame of 14 years. In phase one of the implementation
strategy , ELYSSAR , in Cooperation with the Public
Corporation for Housing , will start the construction of
approximately 2,500 housing units in Maramel and Sabra areas ,
with a potential expansion of the program to include 900 more
units and an commercial center of 343 shops.
To
execute the intended program, ELYSSAR has the capacity to draw
on a multitude sources of finance namely : Allowances in
the Lebanese Governmental Budget. Profits from the real
estate developments. Public or private loans and or
investments.
ELYSSAR , a pioneer project in Lebanon,
is expected to set new precedents of the government will and
dedication to promote balanced growth and to provide social
equity to all Lebanese citizens. The success of ELYSSAR is
also crucial for the future of Beirut. Its redevelopment
should provide back to Capital its distinguished character
along the waterfront while setting higher standards for
quality of living.
The
development of south-western suburbs of Beirut will accomplish
3 main objectives:
- Ensure the economic
development of the area through improving the living
standard of local residents in the area when relocating them
into newly constructed dwellings.
- Provide possibility
for future growth through optimizing land redistribution and
allow for a normal and planned growth of urban activities in
the future.
- Complement the
planning efforts associated with the rest of the Beirut by
creating development opportunities by the sea front along 3
Km of sandy beaches and by upgrading the infrastructure
installations and public services around the metropolitan
area.
Project
priorities*
· Evacuate Areas for
Major Arteries Feeding Beirut from South. ·
Implement Infrastructure projects all over ELYSSAR. ·
Redevelop Beirut South Shore. · Construct Low Cost
Housing Units, shops and workshops. · Relocate
Illegal Settlements . |
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