Industrial Zones Infrastructure (EBRD-49759)

Countries
  • Lebanon
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 19, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Lebanon
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Construction
  • Industry and Trade
  • Infrastructure
  • Technical Cooperation
  • Transport
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 36.70 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 97.90 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ EBRD website

Updated in EWS Aug 8, 2018

Disclosed by Bank Mar 2, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

The Project is part of the Ministry of Industry's ("MoI") vision for the industrial sector and the United Nations Industrial Development Organisation's ("UNIDO") Lebanon country Programme (2015 - 2018), which both call for the creation of environmental friendly, inclusive industrial zones and associated infrastructure upgrades. The Project is included in Lebanon's National Investment Plan.

The Project involves investments in three industrial zones located in Baalbek municipality, Tourbol-Koussaya (Eastern Zahleh Districit) and Qaa-Hermel. The Project will entail investments in main municipal infrastructure (roads, water and sewage, and solid waste management, electricity and telecommunications), associated equipment and other site service infrastructure in the three identified industrial zones.

The Project is designed to help accelerate economic growth and overcome barriers of entry for local SMEs by providing needed, cost-effective, high quality basic infrastructure for private industrialists.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Sovereign loan of up to USD 36.7 million (or EUR equivalent) to finance the construction of Phase 1 of the infrastructure for three industrial zones in Lebanon ("Project") with a total project cost of USD 97.9 million for Phase 1, co-financed by the European Investment Bank ("EIB") and the Italian Government and EUR 4 million EIB Technical Assistance grant for detailed design and implementation support.


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Council for Development and Reconstruction
infocenter@cdr.gov.lb
+961 (1) 980096
+961 (1) 981252 - 981253 - 981381
www.cdr.gov.lb
Tallet Al-Serail- Beirut - Lebanon P.O. Box: 3170/11

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.

How it works

How it works