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    Reference: 20080189
    Release date: 15 December 2009

    Promoter – Financial Intermediary

    Ginkgo Management S.a.r.l.

    Location

    Description

    EIB participation in an infrastructure fund for brownfield site remediation and subsequent construction of energy efficient buildings.

    Objectives

    Lease and/or acquire from public and private owners a portfolio of brownfield sites, mainly in France and Belgium. The Fund would clean up the land using innovative environmental remediation technologies.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    Up to Euro 25 million

    Total cost (Approximate amount)

    Estimated at Euro 200 million

    Environmental aspects

    The project will contribute to the implementation of the objectives of the Sixth Community Environment Action Programme and to its Thematic Strategy for Soil Protection. However, waste disposal installations and/or operations, depending on their technical characteristics, may be included in Annex I of Directive 97/11 amended 2003/35. Urban developments are included in Annex II of the same Directive. The situation regarding legal liabilities created by Directive 2004/35 will be addressed during the appraisal.

    Procurement

    The company is expected to obtain its equipment and services for the project from amongst the specialist engineering companies using international negotiations.

    Status

    Signed - 20/12/2010

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Luxembourg Urban development