WASHINGTON, February 6, 2017 - The World Bank’s Board of Executive Directors today approved the following project:
Lebanon - Roads and Employment Project
IBRD Loan: US$200 million (non-concessional portion of US$154.6 million, concessional portion of US$45.4 million from the Concessional Financing Facility made on a grant basis)
Loan Maturity: 32.5 years Grace period: 7 years
Project ID: P160223
Project Description: The Program objectives are to improve transport connectivity along select paved road sections and create short-term jobs for Lebanese and Syrians. The project will include the rehabilitation of non-urban sections from all Lebanese regions, particularly in rural areas and lagging regions.