Updates on the European Investment Bank

Presentation of Porto Romano Rapid Environmental Assessment

Official presentation on the Rapid Environmental Assessment for the industrial and energy park, Porto Romano, Albania.

Green Action follow-up letter with the Croatian Ministry of Environment

On July 24, 2008 Croatian Ministry of Environment responded to above letter. Download the response as pdf here.

Bankwatch Mail 37

In this issue: EU billions must help to reduce waste, not boost it * European Investment Bank urged to stop fueling the incineration fire * Zero waste, zero pain * The EIB undermines Africa * Strange bedfellows: the EIB’s huge fossil fuels portfolio is smothering clean energy initiatives * A deluge of public subsidies for Ethiopian dam projects, but public benefits missing * Public consultation on EIB environmental policy at last, but problems persist * Czech roads paved with whose gold exactly?

Fuelling the fire: European Investment Bank financing for the incineration industry

The European Investment Bank is mandated to promote EU policy with its project investments and invested over EUR 1.5 billion in 33 waste management projects between 2000 and 2006, the majority of which were in the EU. If the EIB is to truly support the implementation of EU policy, this bias towards incineration investments must be halted.

Letter to DG TREN regarding EU and EIB funds for ill-conceived projects

Rapid Environmental Assessment for the Industrial and Energetic Park’s at Porto Romano, Durres, Albania

Report on the meeting with DG Regio regarding the Demir Kapija – Smokvica highway

Who wants it? Who needs it? The Vlora coastal terminal, Albania

The terminal is to be located inside the industry park near a thermo-power plant which has already received lending support from the EBRD, European Investment Bank and the World Banks International Development Association.

Western High Speed Diameter: strategic risks of a strategic project

The Western High Speed Diameter (WHSD) is a 46 kilometre toll motorway, part of the IX Pan-European Transport Corridor linking St. Petersburg with Scandinavia. The road has been presented as a strategic investment priority for St. Petersburg by the Russian authorities and international financiers as it is going to be the first public-private partnership in Russia as well as the first toll road in Russia. Yet there are serious doubts that the WHSD will make St. Petersburg a better place.

Progress report on the ‘Gazela’ slum resettlement project – EBRD AGM Issue Paper 2008

The Gazela Bridge over the Sava River in Belgrade, Serbia, is more than thirty years old. The bridge was projected for 30000 v/day, currently is servicing more than 150000 v/day. The bridge has never been repaired and urgently needs reparation. The EBRD approved Euro 25 million loan for the reconstruction of approaching roads to Gazela Bridge to the Public Enterprise Serbian Roads.