Tuesday, December 9, 2014

EU investment. Countries States reported projects worth more than … – Money.pl

EU investment. Countries States reported projects worth more than … – Money.pl

2014-12-09 17:31

 EU investment. Countries States reported projects worth over a trillion euros

[Photo: Peter Tracz / Reporter]


The EU Member States have reported about 2 thousand. projects worth 1.3 trillion euros in preparation for the implementation of the investment plan of the European Commission chief Jean-Claude Juncker. Poland has proposed, inter alia, construction of high-speed rail line between Warsaw and Wroclaw.

The projects are located in the annex to the published today a report prepared by a special task force composed of representatives of the Member States, the European Commission and the European Investment Bank.

The document, which was the result of a discussion about the need to increase investment in the EU, does not contain a list of projects to be implemented for the future European Strategic Investment Fund, but rather shows the investment potential in the EU.

Poland reported as part of its contribution to the report, 250 projects worth 132 billion euros. As announced in Brussels Mateusz Szczurek Finance Minister, in the years 2015-2018 (Juncker investment plan has a three year perspective) would be to implement projects worth 17.5 billion.

– The list is not closed, because there may be new projects; It also does not mean that all the projects will be implemented in the list – Szczurek reserved.

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The vast majority of the proposals made by our country relates to transportation (construction of sections of roads, railways), as well as the energy sector. As in other countries, including in the case of Polish major obstacle to the implementation of these projects is the lack of funds.

The financial needs – as is clear from the information available in the report – are enormous. Poland has proposed eg. Construction of high-speed railway on the route from Warsaw to Lodz Poznan and Wroclaw. The total cost is 7.5 billion. From the Polish shows about 40 projects.

His list of projects, the European Commission presented, but only partially coincides with the national lists. The value of commission projects is 56 billion.

A total across the EU identified projects worth 1.3 billion euros, of which projects worth 500 billion could be realized in the next five years. This list allows you to wiser to plan what to do in Europe – explained Szczurek.

The report of the Task Force recommends immediate action to collect the projects to be implemented under the plan Juncker . The so-called transparency. The fast track project will be the key to regaining the confidence of investors and unlock their means. The fact that the projects can be found in it, is to determine the quality, not the origin of the territorial and sectoral.

The Task Force, which examined the projects submitted by the state, divided them into five areas: knowledge, innovation and economy Digital, union energy, transport infrastructure, social infrastructure and natural resources and the environment.

The report of the Task Force included recommendations for Member States, such as the improvement of the business environment, the construction of long-term investment plans, providing technical assistance to investment aid developing and promoting innovative financial instruments.

– This is also an incentive to structural changes that contribute to the mobilization of private capital, private investment – Szczurek said.

The report, which discussed the EU finance ministers, is also the subject of EU leaders summit December 18-19. Is expected to be the political consensus on the establishment of a European Strategic Investment Fund.

The Ministers of Finance discussed among Treatment of capital contributions by Member States to the fund. The idea is that monies allocated for this purpose does not worsen the situation of countries with deficits tight on the border of the EU fiscal rules. This issue has not been resolved. He has to take care of the European Council.

Potential contributions from Member States are very important, because that will depend on what type of fund will finance projects. – If the Fund will be based solely on private contributions zlewarowanym, there is a risk of focusing on investments which anyway are mostly financed by the private sector today – explained Szczurek.

announced that Poland is ready to get involved financially in the Fund, but must first be dispelled doubts about the eligibility of funds for this purpose by the Commission when assessing budgets. Rat warned that Poland could make contributions to the Fund only if it would have gone to other countries.

According to the European Commission plans an investment fund is to be able to act in the middle of 2015.

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