Release date: 17 September 2018
Promoter – Financial Intermediary
REPUBLIC OF LEBANON - COUNCIL FOR DEVELOPMENT AND RECONSTRUCTIONLocation
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)
- Transport - Transportation and storage
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 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).