The 13 nuns and three maids were kidnapped from the famed Christian hamlet of Maalula and taken to the nearby Syrian rebel town of Yabrud, where they have been held by Al-Qaeda affiliate Al-Nusra Front.
The reports come after Syria's authorities called journalists to the war-torn country's border with Lebanon, presumably to witness the handover of the nuns.
By the late afternoon, however, the women had not yet been escorted to the border, according to an AFP on the Syrian side of the frontier.
"Thirteen nuns and three monastery orphanage workers from Maalula are expected to be handed over shortly," the Syrian Observatory for Human Rights said.
The expected release was being negotiated by Lebanon's General Security agency chief Abbas Ibrahim and Qatar's intelligence chief Ghanem al-Kubeissi, who arrived in Lebanon on Saturday, according to the official National News Agency (NNA).
"We cannot confirm for now whether they have been handed over to Ibrahim and the Qatari intelligence chief," said Observatory director Rami Abdel Rahman.
The Orthodox church was also unable to confirm the release of the nuns who are Syrian and Lebanese.
The Britain-based Observatory, meanwhile, said the release was being negotiated in exchange for the liberation of 150 women prisoners held by President Bashar al-Assad's regime.
Lebanese media said the women were expected to be escorted to Arsal in eastern Lebanon, a town whose population is sympathetic towards Syria's rebels, from where they would be taken to the official Masnaa border crossing with Syria.
Last year, Qatar and Lebanon's Ibrahim played a leading role in securing the release of a group of Lebanese Shiite pilgrims held by Syrian rebels in northern Syria.
Qatar has been a key backer of Syria's revolt.
The nuns were kidnapped on December 3 amid fighting for the ancient village of Maalula, which is currently in rebel hands.
Syrian President Bashar al-Assad said Saturday that post-crisis challenges, with reconstruction topping its agenda, are more serious than the current challenges, according to the official SANA news agency.
Noting that the current challenges of the Syrian crisis are mainly radicalism and the presence of traitors, al-Assad said that finding suitable mechanisms of dialogue, fighting corruption and reconstruction are needed for the upcoming stage.
The reconstruction process is the most challenging factor for the next stage, he said, however, adding that the process will offer a great opportunity to reorganize the areas that have been damaged during the crisis, which would give the owners of the damaged properties a chance to improve their financial situation in addition to stimulating investment and creating job opportunities, according to SANA.
Recent reports said some two million housing units in Syria have been totally or partially destroyed during the country's 3- year-old crisis and the cost of their reconstruction is estimated at about 100 billion U.S. dollars.
Reconstruction is one of the pressing issues the Syrian government faces as displaced Syrians complain of the skyrocketing rent of apartments and inability to buy them in safe areas.
Rents in the slum have been driven up to an unimaginable level of about 30,000 Syrian pounds (about 200 dollars), while in the capital Damascus it soared from nearly 20,000 pounds (some 140 dollars) before the crisis to 80,000 pounds (around 560 dollars) for an apartment and exceeded 100,000 pounds (about 700 dollars) in upscale areas.
Syria's prolonged crisis has displaced millions of people, who either sought refuge inside the country or in neighboring countries.
When will us stop sponsoring terrorist?
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