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    Reference: 20200897
    Release date: 9 November 2021

    Promoter – Financial Intermediary

    GINKGO ADVISOR SARL

    Location

    Description

    A contingent loan of up to EUR 15 million under the Natural Capital Financing Facility (NCFF) mandate for co-financing the green and blue infrastructure of projects developed by Ginkgo III Fund.

    Objectives

    The project consists of promoting and co-financing nature-based green and blue infrastructure solutions in European brownfield urban regeneration sites (previously developed land for industrial, commercial or military use requiring depollution), for climate adaption and biodiversity benefits. Including nature-based green and blue infrastructure elements in urban regeneration projects provide multiple environmental, economic and social benefits. Examples of those solutions include sustainable urban drainage systems (SUDS), green corridors, permeable pavements, passive cooling and shading, urban farming, ponds, parks or rooftop gardens that deliver multiple benefits (reduction of heat stress, increased water infiltration and flood protection, reduction of noise, improvement of air quality, energy savings, or biodiversity benefits). In addition, various nature-based depollution techniques (e.g. anaerobic processes) will be favoured in the remediation processes.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 20 million

    Environmental aspects

    The project will primarily contribute to the objectives of Art. 15 under the LIFE Regulation, i.e. the priority area climate change adaptation. In addition, the blue and green infrastructure (BGI) solutions may also contribute to the objectives of Art 11, i.e. the priority area nature and biodiversity under the LIFE Regulation. BGI will generally offer increased habitat space for fauna and flora and the assessment of different designs of BGI could take biodiversity as one of several criteria into account. The operation will also contribute to the objectives of the EU Urban Agenda, namely to the objectives of the partnership 'Sustainable use of land and nature based solutions' as well for the EU Roadmap to a Resource Efficient Europe and the European Green Deal, aiming at a no 'net land take' by 2050 and sustainable resource use.

    Procurement

    The borrowers are private companies 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

    Approved - 15/11/2021

    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

    EU Countries Urban development