LB-Environmental Pollution Abatement Project

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The development objectives of the Environmental Pollution Abatement Project for Lebanon are to assist the Borrower in: (a) reducing industrial pollution in targeted industrial enterprises; and (b) strengthening the monitoring and enforcement capabilities of the Ministry of Environment (MOE). The project comprises two components. The first component on technical assistance aims to strengthen through technical support and training the capacity of MOE, the banking sector and the industrial associations, and provide project management support. The second component on investment sub-projects aims to provide concessional loans through the banking sector for pollution control to an estimated 20 to 25 public and private enterprises in order to bring air emissions, effluent discharges, and industrial waste generation towards compliance with national environmental standards in a cost-effective manner. This component will consist of a credit facility to provide sub-loans of at least US$100,000 per enterprise to implement pollution control projects and thereby reduce pollution load.