Title: Report of the NICOLE Workshop: Financial Aspects of Site Restoration with an Emphasis on Central and Eastern Europe 
Resource Type: document --> technical publication --> proceedings / conference paper(s) 
Country: EU Projects 
Year of publication: 2002 
Availability: Bardos, R.P. (2003) Report of the NICOLE Workshop: Financial Aspects of Site Restoration with an Emphasis on Central and Eastern Europe, 6 - 7 November 2002, Budapest. Land Contamination and Reclamation 11 (3) 366-395 
Author 1/Producer: NICOLE 
Author / Producer Type: Professional / trade / industry associations, institutes or networks 
Report / download web link (=direct link): http://www.nicole.org  
Format (e.g. PDF): PDF 
EUGRIS Keyword(s): Brownfields
Contaminated land-->Contaminated land overview
Contaminated land-->Cost benefit analysis-->Cost benefit analysis overview
Contaminated land-->Cost benefit analysis-->Financial risk assessment
Contaminated land-->Cost benefit analysis-->Tools
Contaminated land-->Risk assessment-->Risk benefit analysis
Long description: Technical issues are usually a dominant element of dealing with contaminated sites and NICOLE workshops have to date focussed on this aspect of the problem. In practice, problem-holders also have financial or commercial decisions to make. NICOLE, as a Network, is always looking to expand the range of topics related to contaminated land as well as to enlarge its geographic reach across Europe. Consequently, NICOLE held a workshop focussing on the financial aspects of site restoration, with a an emphasis on Central and Eastern Europe (CEE), over 6th to 7th November 2002 in Budapest Hungary.

The first day highlighted speakers from Central and Eastern Europe, including law firms, service providers and banks working in CEE countries in land remediation and redevelopment. The second day focused on financial aspects, including talks about venture capital and other approaches to buying and redeveloping contaminated land for profit. Other talks discussed the industry and service provider views on the way contracts are now written, the way indemnities and insurance are applied, the effect new accounting standard will have on setting aside environmental provisions, and how real estate value and due diligence are factored into transactions.
Link to Project(s): NICOLE Network for Industrially Contaminated Land In Europe
Link to Organisation(s): NICOLE Network for Industrially Contaminated Land in Europe
Submitted By: Paul Bardos WhoDoesWhat?      Last update: 20/04/2008

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