According to bank documents, the proposed overarching objective is to (i) expand long-term, sustainable financing options for municipal infrastructure investments, and (ii) improve municipal service standards in secondary and tertiary cities. The objective for SOP I (US$100 million, 2019-2022) is to (i) improve access to municipal services for host communities and displaced persons in participating tertiary cities; and (ii) develop capacity to mobilize and absorb infrastructure financing. The Project Development Objective (PDO) for SOP II ($50 million, 2022-2026) is to (i) address the municipal infrastructure and service delivery deficits in participating secondary and tertiary cities; and (ii) mobilize private sector financing for municipal service provision.
LMIP will work on two tracks to support participating municipalities in reducing their infrastructure and service delivery gap. First, in the short-term, and in coordination with other donor partners, it will provide immediate financing support to LMIP-targeted host communities in tertiary cities. This urgent and immediate intervention could complement and possibly trigger private investment in some cases. Second, LMIP will support the Government in establishing an enabling environment for municipal PPPs that will help leverage private sector investment and participation in the delivery of municipal infrastructure and services.
Within a total financing package of $150 million (SOP I and SOP II), LMIP SOP I would require $100 million and be structured around the following components:
Sateh Chafic El-Arnaout
Lead Urban Specialist
Ministry of Finance
Council for Development and Reconstruction (CDR)
Mr. Nabil El Jisr
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