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LB - Cultural Heritage and Urban Dev.

Abstract*

The Cultural Heritage and Urban Development Project in Lebanon, seeks to increase the local economic development, and enhance the quality of life around the historic centers of five main secondary cities, by improving the conservation, and management of the country's cultural heritage. The project's main components include: a) activities for the rehabilitation of historic city centers, and urban infrastructure improvements, that will upgrade public...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Project Development Objectives are: (a) to create the conditions for increased local economic development and enhanced quality of life in the historic centers of five main secondary cities; and (b) to improve the conservation and management of Lebanon's built cultural heritage.

Key Details

Project Details

  • P050529

  • Closed

  • Guido Licciardi

  • Ministry of Finance

  • Lebanon

  • September 7, 1999

  • (as of board presentation)

    April 17, 2003

  • February 3, 2004

  • US$ 53.50 million

  • B

  • July 12, 2023

  • December 31, 2016

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
FRANCE, Govt. of (Except for Min. of Foreign Affairs-MOFA) 1.00
ITALY, Govt. of (Except for Dev. Coop. Dept. - MOFA) 10.00
FRANCE: French Agency for Development 11.00
International Bank for Reconstruction and Development 31.50
Foreign Private Commercial Sources (unidentified) 1.83
Borrower/Recipient 6.56

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 31.50
IDA Commitment N/A
IBRD + IDA Commitment 31.50
Lending Instrument
Grant Amount 22.00
Total Project Cost** 61.89

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 19, 2014 IBRD-81370 Loan Disb 305,099.80
Jan 22, 2015 IBRD-81370 Loan Disb 779,079.40
Oct 15, 2014 IBRD-81370 Loan Disb 5,601,865.50
Oct 15, 2014 IBRD-71660 Int Charges 33,655.50
Oct 15, 2014 IBRD-71660 Loan Repay 2,770,081.80
Oct 27, 2014 IBRD-81370 Loan Disb 73,405.87
Oct 15, 2013 IBRD-71660 Loan Repay 2,770,081.80
Oct 15, 2013 IBRD-71660 Int Charges 262.47
Oct 15, 2013 IBRD-71660 Int Charges 642.42
Oct 15, 2013 IBRD-71660 Int Charges 82.91
Oct 15, 2013 IBRD-71660 Int Charges 59,940.98
Apr 15, 2014 IBRD-71660 Int Charges 44,363.11
Apr 15, 2014 IBRD-71660 Loan Repay 2,770,081.80
Mar 16, 2015 IBRD-81370 Loan Disb 42,327.50
Jan 15, 2015 IBRD-81370 Int Charges 27,422.65
Aug 12, 2014 IBRD-81370 Loan Disb 2,000,000.00
Aug 20, 2014 IBRD-81370 Loan Disb 1,784,548.60
Aug 4, 2014 IBRD-81370 Loan Disb 67,500.00
Aug 4, 2014 IBRD-81370 Fee Charges 67,500.00
Sep 12, 2014 IBRD-81370 Loan Disb 105,525.50
Sep 24, 2014 IBRD-81370 Loan Disb 599,980.20
Feb 18, 2015 IBRD-81370 Loan Disb 48,923.00
Dec 1, 2015 IBRD-81370 Loan Disb 700,000.00
Oct 15, 2015 IBRD-71660 Int Charges 20,382.30
Oct 15, 2015 IBRD-71660 Loan Repay 2,770,081.80
Jan 15, 2016 IBRD-81370 Int Charges 156.94
Jan 15, 2016 IBRD-81370 Int Charges 68,787.90
Apr 15, 2015 IBRD-71660 Int Charges 25,489.14
Apr 15, 2015 IBRD-71660 Loan Repay 2,770,081.80
Aug 21, 2015 IBRD-81370 Loan Disb 171,127.19
May 15, 2015 IBRD-81370 Loan Disb 41,203.50
Jul 28, 2015 IBRD-81370 Loan Disb 238,699.20
Jun 17, 2015 IBRD-81370 Loan Disb 144,868.84
Apr 23, 2015 IBRD-81370 Loan Disb 187,213.38
Jul 15, 2015 IBRD-81370 Int Charges 55,257.02
Jul 15, 2015 IBRD-81370 Int Charges 1,517.11
Sep 17, 2015 IBRD-81370 Loan Disb 371,268.66
Jan 26, 2016 IBRD-81370 Loan Disb 587,395.90
Dec 2, 2015 IBRD-81370 Loan Disb 421,107.34
Nov 30, 2015 IBRD-81370 Loan Disb 683,957.06
Feb 5, 2016 IBRD-81370 Loan Disb 30,600.00
Oct 23, 2015 IBRD-81370 Loan Disb 653,496.20
Aug 1, 2016 IBRD-81370 Loan Disb 338,571.72
Apr 20, 2016 IBRD-81370 Loan Disb 1,636,667.50
Apr 15, 2016 IBRD-71660 Int Charges 12,936.75
Dec 21, 2015 IBRD-81370 Loan Disb 724,160.56
Mar 16, 2016 IBRD-81370 Loan Disb 42,300.00
Dec 21, 2015 IBRD-81370 Loan Disb 773,529.75
Feb 17, 2016 IBRD-81370 Loan Disb 121,709.72
Feb 24, 2017 IBRD-81370 Loan Disb 34,320.00
Jun 21, 2017 IBRD-81370 Loan Disb 846,115.75
Jun 21, 2017 IBRD-81370 Loan Disb 9,700.00
Jun 21, 2017 IBRD-81370 Loan Disb 280,738.22
Jun 21, 2017 IBRD-81370 Loan Disb 1,114,440.10
Jun 21, 2017 IBRD-81370 Loan Disb 150,000.00
Jun 19, 2017 IBRD-81370 Loan Disb 153,204.52
Apr 15, 2017 IBRD-71660 Int Charges 25,230.89
Jun 13, 2017 IBRD-81370 Loan Disb -286,305.00
Apr 30, 2017 IBRD-71660 Loan Disb 426,786.84
Apr 30, 2017 IBRD-71660 Loan Disb -426,786.84
Apr 4, 2017 IBRD-81370 Loan Disb 120,120.00
Jun 13, 2017 IBRD-81370 Loan Disb 433,064.10
Feb 27, 2017 IBRD-81370 Loan Disb 443,103.75
Jun 22, 2017 IBRD-71660 Loan Disb -229,792.90
Mar 23, 2017 IBRD-81370 Loan Disb 234,428.45
Aug 19, 2016 IBRD-81370 Loan Disb 123,774.08
Jan 15, 2017 IBRD-81370 Int Charges 1,435.74
Jan 15, 2017 IBRD-81370 Int Charges 165,433.38
Nov 21, 2016 IBRD-81370 Loan Disb 488,066.30
Jun 27, 2016 IBRD-81370 Loan Disb 359,694.60
Sep 13, 2016 IBRD-81370 Loan Disb 303,765.56
Jun 24, 2016 IBRD-81370 Loan Disb 30,600.00
Nov 29, 2016 IBRD-81370 Loan Disb 4,320.00
Feb 2, 2017 IBRD-81370 Loan Disb 21,780.00
Jan 27, 2017 IBRD-81370 Loan Disb 198,529.30
Feb 2, 2017 IBRD-81370 Loan Disb 109,988.17
Feb 2, 2017 IBRD-81370 Loan Disb 163,198.56
May 17, 2016 IBRD-81370 Loan Disb 523,515.10
Jul 15, 2016 IBRD-81370 Int Charges 3,171.54
Jul 15, 2016 IBRD-81370 Int Charges 132,957.40
Oct 15, 2016 IBRD-71660 Int Charges 19,321.14
Oct 24, 2016 IBRD-81370 Loan Disb 149,757.50
Jan 15, 2020 IBRD-81370 Int Charges 368,782.56
Jul 15, 2019 IBRD-81370 Int Charges 449,781.03
Oct 15, 2018 IBRD-71660 Int Charges 21,345.49
Oct 15, 2018 IBRD-71660 Loan Repay 1,538,135.60
Jan 15, 2019 IBRD-81370 Int Charges 410,968.03
Jul 15, 2018 IBRD-81370 Int Charges 318,594.88
Jan 15, 2018 IBRD-81370 Int Charges 3,370.43
Jan 15, 2018 IBRD-81370 Int Charges 266,721.00
Apr 15, 2018 IBRD-71660 Int Charges 160.67
Apr 15, 2018 IBRD-71660 Int Charges 27,674.51
Apr 15, 2018 IBRD-71660 Loan Repay 1,537,187.80
Jun 21, 2017 IBRD-81370 Loan Cancel 375,235.97
Jun 22, 2017 IBRD-71660 Loan Cancel 229,792.90
Oct 15, 2017 IBRD-71660 Int Charges 26,510.46
Jul 15, 2017 IBRD-81370 Int Charges 1,111.93
Jul 15, 2017 IBRD-81370 Int Charges 217,408.83
Apr 12, 2012 IBRD-81370 Loan Commitment 27,000,000.00
Apr 17, 2003 IBRD-71660 Loan Commitment 31,500,000.00
Jan 25, 2024 IBRD-81370 Int Charges 156,170.34
Aug 18, 2023 IBRD-81370 Int Charges 753,650.94
Aug 18, 2023 IBRD-81370 Loan Repay 26,624,764.00
Mar 1, 2023 IBRD-81370 Int Charges 484,452.38
Sep 7, 2022 IBRD-81370 Int Charges 120,477.04
Jan 27, 2022 IBRD-81370 Int Charges 88,453.38
Jul 15, 2021 IBRD-81370 Int Charges 100,397.55
Jan 15, 2021 IBRD-81370 Int Charges 114,308.98
Jul 15, 2020 IBRD-81370 Int Charges 319,009.06
Dec 3, 2014 IBRD-81370 Loan Disb 1,338,713.10

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Procurement Satisfactory 2016-12-16
Project Management Satisfactory 2016-12-16
Financial Management Satisfactory 2016-12-16
Progress towards achievement of PDO Satisfactory 2016-12-16
Counterpart Funding Satisfactory 2016-12-16
Monitoring and Evaluation Satisfactory 2016-12-16
Overall Implementation Progress (IP) Satisfactory 2016-12-16

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-27-2017
OutcomesSubstantial
Risk to Development OutcomeNegligible
Bank PerformanceSubstantial
Borrower PerformanceModerately Satisfactory
Government PerformanceModerately Satisfactory
Implementing AgencySubstantial

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-22-2017PROJECT PERFORMANCE ASSESSMENT REPORT: 08-13-2019
Outcome RatingModerately Satisfactory Moderately Satisfactory
Risk To Development OutcomeSubstantialSubstantial
Bank PerformanceModerately SatisfactoryModerately Satisfactory
Borrower PerformanceModerately SatisfactoryModerately Satisfactory
Government PerformanceModerately SatisfactoryNot Rated
Implementing AgencyModerately SatisfactoryModerately Satisfactory
Icr QualityModestNot Rated
M&e QualityModestNot Rated

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Increased tourism and heritage related local employment: Number of individuals working in the sector of culture, tourism, and heritage related local businesses.Value662.001575.001500.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Increased private sector investments: percentage of businesses investing in their business or property development.Value6.4027.0027.00
    DateJanuary 1, 2008August 31, 2016December 31, 2016
    Comment
  • Rising property values in and around areas of historic and cultural importance - Residential units price increase.Value30.0060.0042.00
    DateJanuary 1, 2011August 31, 2016December 31, 2016
    Comment
  • Rising property value in and around areas of historic and cultural importance - Business units price increase.Value20.0062.0032.00
    DateJanuary 1, 2011August 31, 2016December 31, 2016
    Comment
  • Increased rehabilitation activities in historic urban cores in compliance with approved regulations recognizing the centrality of their cultural heritage to their economic and social development.Value36.00863.00806.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Project beneficiaries (this is only a heading, not an indicator).Value0.000.000.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Project beneficiaries (Residents).Value37529.0049000.0048000.00
    DateJanuary 1, 2004August 31, 2016December 31, 2016
    Comment
  • Project beneficiaries (Visitors).Value203000.004200000.00400000.00
    DateJanuary 1, 2004August 31, 2016December 31, 2016
    Comment
  • Project indirect beneficiaries (overall city population).Value565000.001420000.001345000.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Cumulative percentage of civil works progress (additional financing only).Value0.0099.00100.00
    DateMay 1, 2012November 30, 2016December 31, 2016
    Comment
  • Improved livability of urban areas targeted by the project (this is only a heading, not an indicator).Value0.000.000.00
    DateJanuary 1, 2006August 31, 2016December 31, 2016
    Comment
  • Improved local benefits in project cities (this is only a heading, not an indicator).Value1.001410.001.00
    DateJanuary 1, 2002April 1, 2014December 31, 2016
    Comment
  • Approval of landmark conservation laws.Value0.0010.006.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Establishment of municipal units to operate and manage city core.Value0.002.005.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Area of pedestian public squares and spaces rehabilitated.Value9840.00274000.00245000.00
    DateJanuary 1, 2006August 31, 2016December 31, 2016
    Comment
  • Area of facades of historic buildings rehabilitated.Value42582.00311100.00300000.00
    DateJanuary 1, 2006August 31, 2016December 31, 2016
    Comment
  • Number of restaurants and cafes.Value306.00495.00450.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Capacity in restaurants and cafes: number of seats.Value5846.0020550.0020000.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment
  • Number of individuals working in restaurants and cafes.Value718.001870.001700.00
    DateJanuary 1, 2002August 31, 2016December 31, 2016
    Comment