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    Reference: 20160485
    Release date: 17 September 2018

    Promoter – Financial Intermediary

    REPUBLIC OF LEBANON - COUNCIL FOR DEVELOPMENT AND RECONSTRUCTION

    Location

    Description

    The project consists of a framework loan for rehabilitation and safety improvements of part of the national and regional road networks in Lebanon.

    Objectives

    The proposed operation is designed to meet Lebanon's developmental needs in the road sector while also stimulating the economy, creating jobs and raising road safety standards on the road network.

    Sector(s)

    Under ELM Guarantee

    This operation is covered by the ELM Guarantee.

    Proposed EIB finance (Approximate amount)

    EUR 171 million

    Total cost (Approximate amount)

    EUR 480 million

    Environmental aspects

    If located within the EU, the project would fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EC, with screening by a competent authority to determine whether an EIA would be required. One main EIA procedure including public consultations has been carried out in accordance with national legislation in Lebanon. The Bank shall investigate environmental and social aspects and verify that the promoter has followed the relevant EU principles, standards and practices during the project appraisal and subsequent scheme allocation procedures.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Signed - 26/09/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Lebanon Transport