corporate_banner_en

Rehabilitation of Emscher river: EIB finances state-of-the-art sewerage system with EUR 450 million loan

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

Rehabilitation of Emscher river: EIB finances state-of-the-art sewerage system with EUR 450 million loan

  •  Release date: 20 July 2011
  •  Reference: 2011-115-EN

A centre of Germany’s heavy industry will be restored to its natural state thanks to a EUR 450 million loan from the European Investment Bank (EIB) for the project to rehabilitate the Emscher river. The EIB and the project promoter, Emschergenossenschaft, signed the finance contract in Essen today.

With a fixed interest rate and a maturity of up to 45 years, this loan from the EU’s bank is helping to finance one of Germany’s most costly urban and regional development projects. In the last century, heavy industry and a dense population left its mark on this central part of the Ruhr area. For decades, the Emscher river and its tributaries were used as an open sewerage system. In future, wastewater will be channelled through closed underground canals so that the river and its tributaries can be restored to their natural state and new recreation areas can be created for the approximately two million inhabitants of the Emscher’s catchment area. At the same time, the reclaimed areas will offer growth opportunities for the region’s economy.

The loan contract signed by Emschergenossenschaft and the EIB today concerns the centrepiece of a comprehensive infrastructure project: a 51 kilometre-long, 40 metre-deep, state-of-the-art wastewater canal from Dortmund-Deusen to Dinslaken where the Emscher joins the Rhine. For Emschergenossenschaft, this EIB loan is the second pillar of the financing of the Emscher rehabilitation project alongside the support from the North Rhine Westphalia region.

In the words of EIB Vice-President Matthias Kollatz-Ahnen: “The river Emscher has long been central to a region characterised by industry and mining. When industrial and social structures change, people’s expectations of cities and their surroundings also change. The goal of the Emscher rehabilitation project is to restore the river to its natural state and enable the creation of leisure parks and new areas for economic growth on its banks. I am delighted that the European Investment Bank is helping to finance such an important undertaking.”

Emschergenossenschaft’s CEO Jochen Stemplewski added: “With a total cost of EUR 4.5 billion and 350 kilometres of water courses, the Emscher rehabilitation project represents Europe’s biggest attempt to restore an entire river and its surroundings and is a driver of structural change. We are giving the people of the region their river back and improving their quality of life. The finance contract with the EIB is supporting this important project.”

Background information:

The EIB is the European Union’s bank. Its purpose is to promote the EU’s objectives by providing long-term loans for viable projects.

Emschergenossenschaft was founded in 1899 as Germany’s first water supply and distribution association. Its tasks since then include maintenance of the river Emscher, wastewater collection and treatment and flood protection. It has been planning and implementing the Emscher rehabilitation project since 1992.

Emschergenossenschaft: www.emschergenossenschaft.de, www.abwasserkanal-emscher.de



 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2011/2011-115-emscher-umbau-eib-finanziert-modernstes-abwassersystem-der-welt-mit-450-mio-euro.htm