Brussels, 25/07/2011 (Agence Europe) - €450 million: this is the level of a loan granted last Wednesday by the European Investment Bank (EIB) to transform the banks of the River Emscher. The contract for the funding of this project, which the Bank describes as “restoring a centre of heavy industry to its natural state”, was signed with the Emschergenossenschaft (Emscher cooperative), which will oversee the project.
With a fixed-rate loan over a period of up to 45 years, the EIB is...