Nishant Malhotra Founder of Middle Road OPC Pvt Ltd & The middle Road platform on the evolving Sustainable Finance sector

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Blaze erupts in Beirut Port Again

Another blast and fire erupted in Lebanon just one month after the tragic blast that killed about 190 people. The second blast after just over a month after the first one throws suspicion on work of sabotage. The blaze proximity to that of the August 4 explosion caused by 3000 tonnes of ammonium nitrate destroyed part of Beirut waterfront and causing widespread social unrest. 

The Lebanon blasts shook everyone around the world. World Bank Group along with the European Union and the United Nations launched a Rapid Damage and Needs Assessment (RDNA) to estimate the impact on the population, physical assets, infrastructure, and service delivery. The key findings of RDNA which stands for the framework for Reform, Recovery, and Reconstruction (the ‘3Rs’), estimates damages $3.8-4.6 billion and losses $2.9-3.5 billion with housing, culture, and transport significantly affected. People of Lebanon need help,  its time for the world to unite, investigate the cause of explosion and provide humanitarian assistance.  

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