Minister of Finance Yuriko Backes, Minister for the Environment, Climate and Sustainable Development Joëlle Welfring and Vice-President of the European Investment Bank (EIB) Kris Peeters presented a financing agreement between Luxembourg and the EIB to fund the ecological restoration of the Alzette river and its tributary, the Pétrusse. The works will cover a section of the Alzette located in the town of Steinsel, and a section of the Pétrusse located in Luxembourg City. The project has received an EIB loan for €9 million, granted under the Natural Capital Financing Facility (NCFF), part of the European Union’s LIFE programme.
On Thursday, 30 March, Minister of Finance, Yuriko Backes, Minister for the
Environment, Climate and Sustainable Development, Joëlle Welfring, and
Vice-President of the European Investment Bank (EIB), Kris Peeters, presented a
financing agreement between Luxembourg and the EIB to fund the ecological
restoration of the Alzette river and its tributary, the Pétrusse.