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ScopeThe Lebanese Republic (hereinafter called “Borrower”) has negotiated for financing in the amount of 295 million US Dollars, expected to be from the International Bank for Reconstruction and Development (IBRD) (the “Bank”) in the form of a “loan” (hereinafter called “loan”) toward the cost of the Greater Beirut Public Transport Project (GBPTP)-Northern Corridor. The Council for Development and Reconstruction (CDR), an implementing agency of the Client, intends to apply a portion of the proceeds of this loan to eligible payments under the contract for which this Request for Expressions of Interest is issued. Eligible payments will be made by the the Bank. Payments by the Bank will be made only at the request of the Lebanese Republic and upon approval by the Bank, and will be subject, in all respects, to the terms and conditions of the loan agreement.
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