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Signature(s)

Amount
€ 15,600,000
Countries
Sector(s)
Luxembourg : € 15,600,000
Urban development : € 15,600,000
Signature date(s)
20/12/2010 : € 15,600,000
Link to source
Data sheet
Other links
Summary sheet

Summary sheet

Release date
15 December 2009
Status
Reference
Signed | 20/12/2010
20080189
Project name
Promoter - financial intermediary
Ginkgo Fund

Ginkgo Management S.a.r.l.

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to Euro 25 million
Estimated at Euro 200 million
Location
Sector(s)
Description
Objectives

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

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.

Environmental aspects
Procurement

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.

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

Link to source
Summary sheet
Other links

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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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