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The priority actions approved by the GW planned to organise, on top of the traditional budget of the region, alternative financing in order to accelerate the purification of the abandoned economic activity sites, polluted and non polluted, as well as the equipment of the priority economic activity zones and harbour zones.
This financing mechanism is handled by a specialised subsidiary founded by the S.R.I.W. in November 2005, with a capital of € 62,500,00, the Sowafinal, which stands for “Société wallonne pour la gestion d’un financement alternatif”.
During a restricted call for tenders organised by the RW, DEXIA Banque was selected to implement, through the intermediary of SOWAFINAL, a loans programme of more than € 639 mln to finance the realisation of the above-mentioned works.
The first works started in 2006 and a first instalment of 25 M € should be used to finance them.
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