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        GINKGO FUND

        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
        Other links

        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.

        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.

        Media enquiries

        Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

        Complaints mechanism

        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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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