EUR 500 million for flood protection and climate adaptation
Germany, Jan. 19 -- The European Investment Bank (EIB), headquartered in Luxembourg, is granting the two regional water management associations Emschergenossenschaft and Lippeverband (EGLV) a total of €500 million in promotional loans for climate adaptation and flood protection projects in the Emscher-Lippe region. The loan agreements were signed on Friday, 16 January by EIB Vice-President Nicola Beer and Chair of the Executive Board of EGLV Prof. Dr Uli Paetzel at the Hof Emscher-Auen former farmstead in Castrop?Rauxel, near Dortmund. With a term of 30 years, the loans will help ensure that - despite the significant investments required for climate adaptation and flood protection - local charges remain affordable thanks to favourable...
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