Release date: 30 October 2003
Promoter – Financial Intermediary
Council for Development and Reconstruction (CDR) in LebanonLocation
Description
The project would consist of the construction and the development of highway sections representing major regional links, notably with Syria.
Objectives
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.
Comments
Communications.
Sector(s)
Proposed EIB finance (Approximate amount)
Loan of up to EUR 60 million on Bank’s own resources (EuroMed II mandate).
Total cost (Approximate amount)
The total cost of the project is estimated at around EUR 150 millionM
Environmental aspects
Complete feasibility studies and environmental impact assessments have been executed. Their compliance with existing legislation and approval by the relevant authorities will be checked.
Procurement
The project will be tendered following international competitive bidding procedures in line with the Bank’s procurement guidelines.
Status
Signed - 28/06/2005
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).