EIB grants additional loan for rehabilitation of the River Emscher ...Middle East

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EIB grants additional loan for rehabilitation of the River Emscher
EU bank and Emschergenossenschaft sign deal worth over €500 million Loan already fourth EIB financing for long-term Emscher conversion project One of Europe’s largest environmental projects is to receive additional support from the European Investment Bank (EIB). The EU bank is providing a further €500 million framework loan to Emschergenossenschaft for the large-scale rehabilitation of the river system. With this framework loan, the EIB is co-financing Emschergenossenschaft’s investment programme for the period 2020–2024. After deals struck in 2011, 2013 and 2017, this is the fourth EIB loan for this comprehensive development initiative.

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