Release date: 22 October 2008
Promoter – Financial Intermediary
The Government of Lebanon through the Council for Development and Reconstruction (CDR)
Location
Description
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.
Objectives
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.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 70 million.
Total cost (Approximate amount)
Up to EUR 210 million.
Environmental aspects
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.
Procurement
The Bank’s standard procurement guidelines to Investment Loans will apply.
Status
Signed - 3/04/2009
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).