World Bank Project Deck

L GENDER IEQUALITY INDUSTRY, INNOVATION AND INFRASTRUCTURE LEBANON Greater Beirut Urban Transport Project OLD BRE Development Challenge: Lebanon has one of the highest population densities in the world. About 87% of the resident population lives in urban areas, with more than half in the Greater Beirut Area. The economic cost of traffic congestion in Lebanon is estimated above US$2 billion, between 5% and 10% of national GDP. A growing population, including an increase in Syrian refugees, has increased traffic levels by as much as 25%. Purpose: Improve the speed, quality, and accessibility of public transport for passengers in Greater Beirut and at the city of Beirut's northern entrance. The project will provide needed infrastructure to reduce the traffic burden, create jobs, and stimulate the economy while increasing mobility and ensuring security for vulnerable groups including the poor, women, and youth. Expected Results (include): • • Create 2 million labor days in construction jobs for low-income Lebanese and Syrians Attract more than 300,000 passengers per day while halving commute times between Beirut and the northern suburbs • World Bank Reduce traffic congestion For more information: https://projects.worldbank.org/en/projects-operations/project- detail/P160224?lang=en • 60,0000 tons of CO2 equivalent reduced annually IBRD Financing: $225.2 million Closing: 2023 001 53 THE WORLD BANK Treasury

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