Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "This report shows there are huge investment needs and viable projects that could lift economic growth and open up more job opportunities in Europe. There has been a severe disconnect between the available investment and credible projects on the ground. We are now taking a big step to restore investor confidence and connect the two."
EIB President Werner Hoyer said: “The work of the Task Force demonstrates that there are enough investment projects in Europe. Member States provided a great number of proposals on which we can build upon to create a pipeline of projects and ensure we put money where it can best meet demand. Now we need to assess the projects and select those that are economically viable and can best foster the competitiveness of Europe´s economy. The EIB stands ready to finance those projects on the list, as well as any other, that meet the relevant viability and strategic relevance criteria. It is also urgent to tackle the significant non-financial barriers identified by the Task Force that prevent investment for viable projects from materialising.”
A transparent pipeline of investment projects
The report recommends immediate action to create a transparent pipeline of investment projects. The identification of projects by the Task Force is a first step towards creating a forward-looking and transparent pipeline of investable projects. This is an essential measure to restore confidence and encourage investors to invest and build expertise in Europe. The lack of credible and transparent information about projects is currently a major barrier to investment.
The central idea is to provide a pipeline of trustworthy projects which will restore investor confidence and unlock private sector investment to complement finance from Member States and the EU. Projects may successfully access funding from the private sector alone, through Member States or other sources of EU funding, including the newly created European Fund for Strategic Investments (EFSI).
Full press release
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