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    Signature(s)

    Amount
    € 60,000,000
    Countries
    Sector(s)
    Lebanon : € 60,000,000
    Transport : € 60,000,000
    Signature date(s)
    28/06/2005 : € 60,000,000
    Link to source
    Data sheet

    Summary sheet

    Release date
    30 October 2003
    Status
    Reference
    Signed | 28/06/2005
    20010406
    Project name
    Promoter - financial intermediary
    Lebanese Highways
    Council for Development and Reconstruction (CDR) in Lebanon
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Loan of up to EUR 60 million on Bank’s own resources (EuroMed II mandate).
    The total cost of the project is estimated at around EUR 150 millionM
    Location
    Sector(s)
    Description
    Objectives

    The project would consist of the construction and the development of highway sections representing major regional links, notably with Syria.

    The project consists of improvements to the main road corridors linking Lebanon and Syria, thus contributing to the development of an international multimodal transport network in the region, which has emerged as a planning goal for the Euro-Med partnership. It will foster international trade and improve access to the hinterland from the ports of Beirut and Tripoli. As such, the project is complementary to projects already supported in Lebanon.
    Benefits of the project will include savings in user time, vehicle operating costs and accident costs. Additional benefits are likely to stem from generated traffic in a context where the existing networks are congested due to high rates of traffic growth.

    Environmental aspects
    Procurement

    Complete feasibility studies and environmental impact assessments have been executed. Their compliance with existing legislation and approval by the relevant authorities will be checked.

    The project will be tendered following international competitive bidding procedures in line with the Bank’s procurement guidelines.

    Comments

    Communications.

    Link to source
    Summary sheet

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    Other links
    Data sheet
    Summary sheet

    Photogallery

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

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    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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