Lebanon: EIB pledged at the "PARIS III" International Conference on Support for Lebanon EUR 400 million for transport, wastewater and energy sectors

EIB President Philippe Maystadt announced at the “PARIS III” International Conference on Support for Lebanon that the Bank will fund the recovery, reconstruction and reform plan drawn up by the Lebanese Government to the tune of EUR 960 million over the next 5 years by financing key projects under the Public Investment Programme, supporting both private sector activity and public investment. With EUR 400 million in support of priority infrastructure projects the Bank will continue its commitment to the transport, wastewater and energy sectors, encouraging the necessary sectoral reforms. Mr Philippe de Fontaine Vive, EIB Vice-President in charge of FEMIP, commented: “I can confirm that that EIB has exceeded the EUR 300 million pledged at Paris II to support investment in transport, water and sanitation infrastructure and private sector development. This EUR 960 million package demonstrates the EIB’s strong commitment to assisting Lebanon in its drive for reconstruction and growth”.