special task forcepage 1 special task force developing an investment project pipeline in the eu...
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Special Task Force Page 1
Special Task ForceDeveloping an investment project pipeline
in the EU
Luxembourg, 13 October 2014 Luxembourg, 13 October 2014
Page 1
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