The European Investment Bank agreement to invest $165 million in Lebanon for the rehabilitation and safety improvements of 900 km of existing primary, secondary and tertiary roads in 25 districts.
Details are provided below:
- The EIB financing comes under the Economic Resilience Initiative (ERI) will contribute to improve road safety and maintenance costs
- I am pleased to sign a new project that supports strategic infrastructure in Lebanon. Reliable and safe road networks are essential for trade and access to markets. It is an essential component of the overall business environment in the country. EIB is keen to support Lebanon through the provision of resilient infrastructure to foster economic growth and employment, commented Dario Scannapieco, Vice President of the European Investment Bank on the signature.