Devastated Beirut unlikely to be rebuilt as costs put at $15bn

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Beirut — Beirut residents began trying to rebuild their shattered lives on Friday after the biggest blast in the Lebanese capital’s history tore into the city, killing at least 154 and leaving the heavily indebted nation with another huge reconstruction bill.

The search for those missing since Tuesday’s blast intensified overnight, as rescuers sifted rubble in a frantic race to find anyone still alive after the explosion smashed a swathe of the city and sent shock waves around the region.

Security forces fired teargas at a furious crowd late on Thursday, as anger boiled over at the government and a political elite, who have presided over a nation that was facing economic collapse even before the deadly port blast injured 5,000 people.

The small crowd, some hurling stones, marked a return to the kind of protests that had become a feature of life in Beirut, as Lebanese watched their savings evaporate and currency disintegrate, while government decision-making floundered.

“There is no way we can rebuild this house. Where is the state?” said Tony Abdou, unemployed, sitting in the family home in Gemmayze, a district that lies a few hundred metres from the port warehouses where highly explosive material was stored for years, a ticking time bomb next to a densely populated area.

As Abdou spoke, a domestic water boiler fell through the ceiling of his cracked home, while volunteers from the neighbourhood turned out on the street to sweep up debris.

“Do we actually have a government here?” said taxi driver Nassim Abiaad, whose cab was crushed by falling building wreckage just as he was about to get into the vehicle. “There is no way to make money anymore.”

The government has promised a full investigation and put several port employees under house arrest. State news agency NNA said 16 people were taken into custody. But for many Lebanese, the explosion was symptomatic of the years of neglect by the authorities while state corruption thrived.

Shock waves

Officials have said the blast, whose seismic impact was recorded hundreds of kilometres away, might have caused losses amounting to $15bn — a bill the country cannot pay when it has already defaulted on its mountain of national debt, exceeding 150% of economic output, and talks about a lifeline from the International Monetary Fund have stalled.

Hospitals, many heavily damaged as shock waves ripped out windows and pulled down ceilings, have been overwhelmed ...
7 Aug 2020 7AM English South Africa Business News · News

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