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LEBANON ROADS AND EMPLOYMENT PROJECT

Signature(s)

Amount
€ 151,100,000
Countries
Sector(s)
Lebanon : € 151,100,000
Transport : € 151,100,000
Signature date(s)
26/09/2019 : € 151,100,000
Link to source

Summary sheet

Release date
17 September 2018
Status
Reference
Signed | 26/09/2019
20160485
Project name
Promoter - financial intermediary
LEBANON ROADS AND EMPLOYMENT PROJECT
REPUBLIC OF LEBANON - COUNCIL FOR DEVELOPMENT AND RECONSTRUCTION
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 171 million
EUR 480 million
Location
Sector(s)
Description
Objectives

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

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.

Environmental aspects
Procurement

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.

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.

Under ELM Guarantee

This operation is covered by the ELM Guarantee.

Link to source

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 Impact Assessment (ESIA) - LEBANON ROADS AND EMPLOYMENT PROJECT -Environmental and Social Management Framework
Publication Date
16 Sep 2018
Document language
Main Topic
Lending
Document Number
86965050
Document Focus
Environmental Information
Project Number
20160485
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Data Sheet (ESDS) - LEBANON ROADS AND EMPLOYMENT PROJECT
Publication Date
3 May 2019
Document language
Main Topic
Lending
Document Number
82417929
Document Focus
Environmental Information
Project Number
20160485
Sector(s)
Countries
Publicly available
Download now

News & Stories

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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