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 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).