Brownfield Redevelopment in Timisoara
On April 24, 2012 the U.S. Commercial Service of the United States Embassy organized the second seminar on the topic of “Brownfield Redevelopment” in Timisoara.
Romania’s past pattern of industrial growth generated a large number of contaminated properties that represent both a risk to human health and environment as well as a value waiting to be unlocked. These properties categorized as brownfields are estimated to about 900,000 hectares.
Effective public polices based on private initiative encouragement led to brownfield redevelopment and reuse in the United States and Europe, which in turn created a large number of benefits, including air and water quality improvements, short and long term job creation and local economic growth and investment.
The objective of this initiative is to open a dialogue on this topic, and to share the American experience,” added Keith Kirkham, Commercial Counselor at the U.S. Embassy in Bucharest. “At the beginning of April, we organized the first seminar on this topic in Bucharest. The event was well received by both private and public industry and enjoyed high media interest which encouraged us to replicate the event in other cities in Romania.”
The seminar hosted by the Timis County Council featured American companies with expertise on the subject that presented successful cases of brownfield development and reuse in the U.S. The participants included the fiscal and tax consultants from PWC, the real estate developer Jones Lang LaSalle, the environmental experts from F&R Worldwide and the architectural and design firm Epstein.
“Brownfield Redevelopment” is the first in a series of topics called Infrastructure Solutions launched by the U.S. Commercial Service designed to share the American expertise in creating modern, efficient and safe infrastructure.
Maria Cristina Nitoiu
U.S. Commercial Service Bucharest