Transcript Special Task Force Developing an investment project pipeline in the

Special Task Force
Developing an investment project pipeline
in the EU
Luxembourg, 13 October 2014
Mr Christopher Hurst, Director General
Projects Directorate, European Investment Bank
Mr Maarten Verwey, Deputy Director General
DG ECFIN, European Commission
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Agenda
 Introductory presentation
 Background
 Task Force Objectives
 Deliverables
 Timetable
 Next Steps
 Open floor discussion
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Background - Investments trend in Europe
Investment as % GDP
Source: Eurostat
Note: EU represents EU28 GDP weighted average
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Background – Task Force set-up
 13 September: Proposal at the informal ECOFIN in Milan to set up
a Special Task Force
To identify viable investments of European significance that are
currently not being realised due to economic, regulatory or
other reasons
 23 September: Set-up of the Task Force
 6 October: Terms of Reference distributed to Task Force members
 9 October: Questionnaire distributed to Task Force members
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
Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps
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Task Force Objectives
The Task force will have the following outputs:
1. An overview of the main investment trends and investment
needs in key sectors
2. An analysis of the main barriers and bottlenecks to investment
and project development
3. An action plan for creating an enabling environment and
promoting a credible and transparent project pipeline
4. A compilation of strategic investments with EU added value
that could be undertaken in the short run
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Task Force Report - Outline
 Generic themes:

Economic Overview

Objectives, Structure and Methodology

Cross-Cutting Barriers to Investment
 Sectorial themes:

Investment Needs

Barriers

Actions
 Identified project examples
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
Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps
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Task Force Report - Sectors (1)
1. Knowledge and the Digital Economy
2. Energy Union
3. Transport
4. Social Infrastructure
5. Resources and Environment
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Task Force Report - Sectors (2)
Knowledge and the Digital Economy
i.
Public R&D
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ii.
Private R&D
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iii.
Research infrastructures
Universities
Key Enabling Technologies (KETs)
Green transport (e.g. battery or fuel-cell-electric vehicles and their
associated infrastructure)
ICT Infrastructure
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
Broadband
Data centres
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Task Force Report - Sectors (3)
Energy Union
iv.
Connections and production
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v.
Cross-border interconnections, security of supply
Low carbon energy generation and integration into networks
Energy efficiency in buildings
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Public-sector buildings (schools, hospitals, administrative
centres, etc.)
Other programmes
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Task Force Report - Sectors (4)
Transport
vi.
Corridors and missing links
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
Cross-border links
Other strategic projects (e.g. roads rehabilitation and completion
of basic networks, railways, ports and airports)
vii. Business enablers
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Multi-modal logistics platforms
Transport service providers
viii. Urban transport
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Metro and trams
Management of traffic and congestion
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Task Force Report - Sectors (5)
Social Infrastructure
ix.
Education and training
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x.
Modernisation of broader educational facilities
Universities
Health
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Healthcare facilities
Data handling and decision making (e-health)
xi. Built environment and urban services
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Social housing
Public buildings
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Task Force Report - Sectors (6)
Resources and Environment
xii. Natural resources: efficient use and secure availability
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
Water management
Regeneration of industrial sites, turning waste into resources
xiii. Resilience to Climate Change
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Flood protection and civil defence
Afforestation and reforestation
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
Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps
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Task Force Report - Member States Input
 Guidance on the Member States’ input is provided through the
Questionnaire to Member States Representatives
 Timeline for MS input is:
 By 27 October (input for the draft TF report): answers to
Questions 2, 3 and 4 - maximum one page per question
 By 14 November (input for the final TF report): answers to
Question 1
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Task Force Report - Questionnaire (1)
Question 1:
Provide a list of key investment projects that are economically viable and
whose implementation could start before 2018, but that cannot easily be
realised now, indicating for each project:
a)
total investment cost
b)
investment expected during 2015-17 and overall timeline
c)
current status of project preparation
d)
main barriers currently in the way of implementing the project
Answer to be submitted by 14 November
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Task Force Report - Questionnaire (2)
Question 2:
 Identify the sectors with the highest investment needs going
forward (use the provided sector categories, to the extent possible)
 For each of these sectors:
 quantify these investment needs (to the extent possible)
 explain how the needs have been estimated
Answer to be submitted by 27 October (max. one page)
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Task Force Report - Questionnaire (3)
Question 3:
 Identify the main barriers that:
 prevent investment activity from recovering in those sectors
where it is currently depressed
 stand in the way of investment in those sectors where the needs
going forward are biggest
Answer to be submitted by 27 October (max. one page)
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Task Force Report - Questionnaire (4)
Question 4:
 Regarding your country’s long-term investment plan, briefly
explain:
 the categories of investments that are covered
 whether it includes a long-term project pipeline
 the availability of the public projects for investment to the private
sector
Answer to be submitted by 27 October (max. one page)
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
Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps
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Timetable
TF: Special (Joint EC-EIB-MS) Task Force
Date
Event
Participants
Location
Mon, 13 Oct
1st TF meeting
kick-off
TF members
Luxembourg
Tue, 14 October
ECOFIN meeting
ECOFIN
Luxembourg
Tue, 4 November
2nd TF meeting
draft report
TF members
Luxembourg
Tue, 25 November
3rd TF meeting
final report
TF members
Luxembourg
Tue, 9 December
ECOFIN meeting
ECOFIN
Brussels
18-19 December
European Council
European Council
Brussels
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Next Steps
 27 October: Member States’ answers to Questions 2, 3 and 4
 4 November: 2nd Task Force meeting
 14 November: Member States’ answers to Question 1
 25 November: 3rd Task Force meeting – discussion of the final report
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Q&A
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