CULTURE The CCI announces that a private financing solution, with investors and bankers, is about to be found
A sketch of the Heron Tree, as it’s it was initially imagined by its authors. — F.Brenon/20minutes
- The Chamber of Commerce and Industry (CCI) of Nantes-Saint-Nazaire claims to have found a solution to finance the Heron tree.
- Nantes Métropole had announced in September that it was abandoning the project because of its growing cost.
“The Heron Tree has not said its last word,” said “loudly” its designers, François Delarozière and Pierre Oréfice, in a public statement dated last Thursday. Five days later, the trend seems to be confirmed since the Chamber of Commerce and Industry (CCI) of Nantes-Saint-Nazaire announces that a private financing solution is about to be found. e.
“We found; an economic model, with investors and bankers who are ready, indicates to 20 Minutes Yann Trichard, the president of the CCI, confirming information from West-France. The logic, as in a concession, is that the private comes to help the public by investing in a company; to build, manage, and operate the Tree. But the goal is only to term, it will be returned to the people of Nantes and to the metropolis, which puts location.”
Read Also
- Barclays buying $ 3.8 billion Gap card portfolio from Synchrony Aug 27, 2021
- Abinader says that recovering tourism saved the economy May 24, 2022
- Exports totaled US$4,128.7 million between January-April 2022 May 20, 2022
- Manzanillo Power Plants will cost about US$1,700 million; investment will be from the private sector May 31, 2022
- European inflation and the US Employment Report, protagonists of next week May 30, 2021
- Rent bonus 2021, how it works: contributions up to 1,200 euros Jul 7, 2021
- Merlin Properties and two more stocks that have overcome resistance this Friday May 29, 2021
Investors and non-sponsors
The ambitious project, which would take the form of a green metal structure on which the public could walk, in the heart of the Misery quarry, is currently estimated by the CCI to “53 or 55 million euros” A budget that could soon be completed; to the extent that Offering companies and individuals to become investors, and not sponsors as previously envisaged, would arouse more enthusiasm.
If the relaunch of the project would therefore be “possible”, according to the CCI, a lot of dé ;tails are still to be seen. settle before presenting the file to the the president of Nantes Métropole and to initiate discussions. Due to an explosion in costs, Johanna Rolland had decided to two months ago to abandon the project, which was to be funded; to one third by the metropolis, one third by public players and one third by private players. Nantes Métropole then put forward an estimated total cost of to 80 million euros.