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    Summary sheet

    Release date
    17 September 2018
    Status
    Reference
    Under appraisal | 11/04/2018
    20170759
    Project name
    Promoter - financial intermediary
    PROGRAM FOR ECONOMIC & URBAN RESILIENCE LEBANON
    CONSEIL DE DEVELOPPEMENT ET DE RECONSTRUCTION
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 40 million
    EUR 100 million
    Location
    Sector(s)
    Description
    Objectives

    The project consists of an operation targeting urban development investments throughout Lebanon.

    This project will improve mixed urban infrastructure in several cities throughout Lebanon.

    Environmental aspects
    Procurement

    The project is expected to have an overall positive environmental and social impact, by improving conditions of life for the population, inside cities where urban services are provided. The sub-projects are also expected to entail positive environmental impacts in both cities and the surrounding rural areas, in particular through the provision of sustainable water management, which is especially relevant in dry climates, urban public transport projects as well as the restoration of riverbeds and green corridors within the cities. This, in turn, is expected to generate positive externalities on public health and the quality of life of residents and tourists. The nature of the works may cause some disruption during construction such as traffic, noise and dust which can be largely mitigated, but no adverse impacts are expected on the environment during the operational phase. The project's compliance with all applicable national environmental legislation as well as the EIB's environmental and social principles, standards and practices, will be verified during the appraisal.

    The promoter will be required to implement the project in accordance with procurement rules and procedures from the French Development Agency (AFD), and in compliance with the requirements and standards agreed between the EIB, the AFD and the Reconstruction Credit Institute (KfW) for projects under the Mutual Reliance Initiative (MRI) for operations outside the EU, as foreseen in the Bank's Guide to Procurement. In particular, calls for international tenders will be published in the Official Journal of the European Union (OJEU) in accordance with the Bank's Guide to Procurement.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - PROGRAM FOR ECONOMIC & URBAN RESILIENCE LEBANON
    Publication Date
    3 May 2019
    Document language
    Main Topic
    Lending
    Document Number
    85801582
    Document Focus
    Environmental Information
    Project Number
    20170759
    Sector(s)
    Countries
    Publicly available
    Download now

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    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.
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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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