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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

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

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.

Zero tolerance against fraud and corruption

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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