(Boursier.com) – Jean-Claude Juncker presented in late November in Brussels his plan to revive Europe via a Strategic Investment Fund (SIEF) with 315 billion euros for the next three years. According to a document that has obtained the news agency Reuters, the EU has developed a list of nearly 2,000 projects totaling 1.300 billion euros could be candidates … “In Overall, nearly 2,000 projects were identified for a total investment cost of 1.300 billion euros, including 500 billion to achieve in the next three years, “the document, the findings should be discussed by ministers EU Finance Tuesday
Among the projects presented. a new airport terminal in Helsinki, control systems against floods in Britain, a program of construction and rehabilitation of public buildings in France to improve their energy efficiency. The list is not exhaustive, but also has a property renovation program in the Netherlands, the construction of a new port in Ireland and the creation of a high speed rail line between Estonia, Latvia, Lithuania and Poland for $ 4.5 billion.
The European Commission hopes that the first selected projects will begin to attract investors in the month of June. This envelope of EUR 315 billion will be guaranteed by public funds from the EU budget and the European Investment Bank. In detail, the Commission took 8 billion from the EU budget, which is involved in a guarantee of € 16 billion given to the fund. This amount increases to $ 21 billion with the contribution of the EIB.
With this windfall, the EIB may grant up to 63 MdsE loans, said Jean-Claude Juncker on 26 November. “This is 63 billion of new money that we have to inject into the economy. But the Bank does not act alone. It will finance the riskiest part of projects of up to 315 billion, which means that private investors will assume the remaining 252 billion. ” The aim is to avoid the EU to become mired in a prolonged period of economic stagnation while investment reached historically low levels.
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