Reference: 20130202
Release date: 3 September 2013

Promoter – Financial Intermediary

Brownfields Gestion, Société par actions.

Location

Description

EIB participation in an infrastructure fund for remediation and regeneration of industrially polluted land in France and Belgium.

Objectives

Target investments to clean up impaired sites (“brownfields”) acquired from public and private owners, using environmentally sound remediation techniques, and ultimately selling the repositioned property to third parties and thus supporting the urban renewal and regeneration.

Comments

Projects will be predominantly in France, with some in Belgium

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 20 million

Total cost (Approximate amount)

EUR 100 million

Environmental aspects

Depending on their technical characteristics, the processes to be employed and operations to be carried out may fall under Annex II of Directive 2011/92/EU. Urban developments are included in the same Annex II of the same Directive. Those elements will be reviewed during appraisal and addressed in the investment guidelines of the Fund. The situation regarding environmental liabilities, taking into account Directive 2004/35, will be addressed during the appraisal.

Procurement

The promoter is a private company not operating in the utilities sector and not having a status of a contracting authority. Thus, it is not covered by the EU directives on procurement.

Status

Signed - 1/04/2014

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

France Belgium Industry