The redevelopment plan, priced at €450m, will turn the brownfield site into a large scientific and cultural centre, including the science faculty of the University of Luxembourg.
Belval is served by three railway stations operated by Chemins de Fer Luxembourgeois: Belval-Université, Belval-Rédange, and Belval-Lycée.
In 1911, the company ARBED (Aciéries Réunies de Burbach-Eich-Dudelange) was created by the merger and acquisition of the 3 largest steelworks in Luxembourg.
Indeed, the ECSC was founded in 1952, and it is after many negotiations that it was decided, during the night from the 24th to the 25th of July, that the European Coal and Steel Community's High Authority would temporarily begin its work in Luxembourg.
In 1970 was the Firing of blast furnace B at ARBED Esch-Belval (daily capacity: 3000 t; diameter: 9 m) where automation was very advanced and would enable full computer control in the near future.
With the closing of the last blast furnace in Esch-Belval in July 1997, 120 hectares (approximatively 300 acres) were available for a redevelopment process, offering a place with a high economic development for the country and the whole southern region.