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 data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Related tags

Luxembourg Urban development