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Signature(s)

Amount
€ 70,000,000
Countries
Sector(s)
Lebanon : € 70,000,000
Water, sewerage : € 70,000,000
Signature date(s)
3/04/2009 : € 70,000,000
Link to source

Summary sheet

Release date
22 October 2008
Status
Reference
Signed | 03/04/2009
20070150
Project name
Promoter - financial intermediary
Kesrwan Water and Wastewater Project

The Government of Lebanon through the Council for Development and Reconstruction (CDR)

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 70 million.
Up to EUR 210 million.
Location
Sector(s)
Description
Objectives

The project concerns the development of water and wastewater facilities in the greater Kesrwan area. The components financed by the EIB include the construction of a wastewater treatment plant, a sea outfall and the related networks.

As signatory to the Barcelona Convention, Lebanon is required to have secondary wastewater treatment plants for coastal population centres of 100 ,000 people or more. The project aims to protect the coastal waters of Kesrwan and inland water sources from contamination and exposure to untreated sewage.

Environmental aspects
Procurement

The project has an overall positive environmental impact. All investments financed from the resources made available by the Bank are required to comply with the relevant national legal framework and be acceptable, in environmental terms, to the Bank in line, as appropriate, with the EU Environmental policy and legislation. Within the EU, the project would fall under Annex I of the EIA Directive. An existing environmental assessment will be up-dated by the promoter before disbursement.

The Bank’s standard procurement guidelines to Investment Loans will apply.

Link to source

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).

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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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