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    Signature(s)

    Amount
    € 22,121,627.8
    Countries
    Sector(s)
    Lebanon : € 22,121,627.8
    Industry : € 22,121,627.8
    Signature date(s)
    27/09/2019 : € 22,121,627.8

    Summary sheet

    Release date
    29 April 2019
    Status
    Reference
    Signed | 27/09/2019
    20180804
    Project name
    Promoter - financial intermediary
    GLASS MANUFACTURING LEBANON - INTERMEDIATED LOAN
    GLASSPACK SAL
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    USD 24 million (EUR 22 million)
    USD 48 million (EUR 44 million)
    Location
    Sector(s)
    Description
    Objectives

    The project consists of a greenfield investment in a glass container manufacturing plant in the region of Taanayel-Bekaa in Lebanon.

    The main expected benefits from the proposed financing and project implementation are to: - Contribute to the development of the industrial private sector in Lebanon by providing expected good quality glass containers, while reducing reliance on imports; - Contribute to the economic development of Taanayel and Bekaa area; - Contribute to socio-economic stability by creating and supporting additional job opportunities; and - Increase the availability of private sector finance through an intermediary structure with a local banking institution.

    Environmental aspects
    Procurement

    The 'manufacturing of glass' falls under the Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU as amended, for which a screening decision is required and an EIA might be requested by the competent authorities.

    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
    Comments

    This operation is covered by the ELM Guarantee.

    The project is in line with the EIB's External Lending Mandate 2014 - 2020 and the Economic Resilience Initiative.

    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) - GLASS MANUFACTURING LEBANON - INTERMEDIATED LOAN
    Publication Date
    27 Sep 2019
    Document language
    Main Topic
    Lending
    Document Number
    93964200
    Document Focus
    Environmental Information
    Project Number
    20180804
    Sector(s)
    Countries
    Publicly available
    Download now

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