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Special Task ForceDeveloping an investment project pipeline

in the EU

Luxembourg, 13 October 2014 Luxembourg, 13 October 2014

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Mr Christopher Hurst, Director GeneralMr Christopher Hurst, Director GeneralProjects Directorate, European Investment Bank Projects Directorate, European Investment Bank

Mr Maarten Verwey, Deputy Director GeneralMr Maarten Verwey, Deputy Director GeneralDG ECFIN, European CommissionDG ECFIN, European Commission

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Introductory presentation

Background

Task Force Objectives

Deliverables

Timetable

Next Steps

Open floor discussion

Agenda

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Background - Investments trend in Europe

Investment as % GDP

Source: EurostatNote: EU represents EU28 GDP weighted average

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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

Background – Task Force set-up

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Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps

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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 

Task Force Objectives

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Generic themes: Economic Overview Objectives, Structure and Methodology Cross-Cutting Barriers to Investment

Sectorial themes: Investment Needs Barriers Actions

Identified project examples

Task Force Report - Outline

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Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps

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 1.Knowledge and the Digital Economy

2.Energy Union

3.Transport

4.Social Infrastructure

5.Resources and Environment

Task Force Report - Sectors (1)

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Knowledge and the Digital Economy

i.Public R&D Research infrastructures Universities

ii.Private R&D Key Enabling Technologies (KETs) Green transport (e.g. battery or fuel-cell-electric vehicles and their

associated infrastructure)

iii.ICT Infrastructure Broadband Data centres

Task Force Report - Sectors (2)

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Energy Union

iv.Connections and production Cross-border interconnections, security of supply Low carbon energy generation and integration into networks

v.Energy efficiency in buildings Public-sector buildings (schools, hospitals, administrative

centres, etc.) Other programmes

Task Force Report - Sectors (3)

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Transport

vi.Corridors and missing links Cross-border links Other strategic projects (e.g. roads rehabilitation and completion

of basic networks, railways, ports and airports)

vii.Business enablers Multi-modal logistics platforms Transport service providers

•Urban transport Metro and trams Management of traffic and congestion

Task Force Report - Sectors (4)

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Social Infrastructure

ix.Education and training Modernisation of broader educational facilities Universities

x.Health Healthcare facilities Data handling and decision making (e-health)

•Built environment and urban servicesix. Social housingx. Public buildings

Task Force Report - Sectors (5)

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Resources and Environment

xii.Natural resources: efficient use and secure availability Water management Regeneration of industrial sites, turning waste into resources

xiii.Resilience to Climate Change Flood protection and civil defence Afforestation and reforestation

Task Force Report - Sectors (6)

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Task Force Objectives and Report Outline

Sectorial Structure

Member State Inputs - 4 Questions

Next Steps

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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

Task Force Report - Member States Input

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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

Task Force Report - Questionnaire (1)

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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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TF: Special (Joint EC-EIB-MS) Task Force

Timetable

Date Event Participants Location

Mon, 13 Oct 1st TF meetingkick-off

TF members Luxembourg

Tue, 14 October ECOFIN meeting ECOFIN Luxembourg

Tue, 4 November 2nd TF meetingdraft report

TF members Luxembourg

Tue, 25 November 3rd TF meetingfinal report

TF members Luxembourg

Tue, 9 December ECOFIN meeting ECOFIN Brussels

18-19 December European Council European Council Brussels

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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

Next Steps

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Q & A