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.
The European Investment Bank (EIB) is supporting the biodiversity strategy of Eau de Paris, the City of Paris municipal water authority, with a loan of €3.75 million under the Natural Capital Financing Facility to implement measures to restore river connectivity and various programmes to enhance biodiversity. Technical assistance will also be provided alongside the financing. This new loan follows the signing of a €130 million loan last July between the EIB and Eau de Paris to finance the authority’s 2021-2026 investment plan.