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| EIB lends EUR 50 million for construction of waste treatment facilities in Lille The European Investment Bank (EIB), the European Union’s long-term financing institution, announces a EUR 50 million loan to Communauté Urbaine de Lille to part finance the construction of three new waste treatment and processing facilities. Firstly, this loan will go towards the construction of an organic urban waste processing facility in the communes of Sequedin and Loos, west of Lille city centre, and a sorting plant for the recycling of separately collected glass, paper and board, metal and plastic waste (45 000 tonnes/year) in the communes of Loos and Lille. The project also comprises the construction of a transfer station for incinerable waste (260 000 t/year) beside the anaerobic treatment plant, which will make it possible to transport the various waste streams by barge on the Deűle canal between the organic waste processing facility and the waste incinerator in Halluin, to the north of the city. The EIB has provided finance for a number of projects in the Nord Pas de Calais region in the past, including the Communauté Urbaine de Lille’s waste-to-energy processing plant in Halluin, the Centre Hospitalier d’Arras (Arras Hospital) and the Valenciennes tramway. The Bank has also promoted the region’s economic development through several other operations, notably those in support of Sevelnord and Toyota in Valenciennes. The aim of these loans is to protect and improve the environment. The EIB, the EU’s financing institution, devotes one third of its lending to this objective within EU-25. In the past five years, this has amounted to nearly EUR 47 billion, of which EUR 3.7 billion in France. Under this heading, the EIB has granted EUR 7.7 billion in support of projects in the EU aimed at improving waste management and processing, the cleaning-up of sites and water quality. In France, the EIB has financed water management and/or waste treatment schemes in the conurbations of Belfort, Cergy-Pontoise, Chartres, Lille, Lyon, Melun, Nancy, Nantes and St Germain-en-Laye. write your comments about the article :: © 2005 Construction News :: home page |