2,000 projects line up for Juncker plan funding
The European Union has prepared a list of almost 2,000 candidate projects, with a total value of 1300 billion euros, which could benefit from the 315 billion investment plan. EurActiv France reports.
According to an EU document, more than 2,000 projects across the EU hope to obtain a slice of the several billion plus euro investment plan announced by Commission President Juncker. The member states were asked to submit a list of projects to the European executive, in the hope of gaining funding.
These projects range from building a new terminal at Helsinki airport to upgrading flood defences in Great Britain and improving the energy efficiency of public buildings in France.
A long list
In a press release from 9 December, the European Commission identified "around 2,000 projects across Europe worth some 1.3 trillion of potential investments, out of which over 500 billion worth of projects could potentially be implemented over the next three years".
The candidate projects on this list, which is yet to be finalised, include a programme of building renovation in the Netherlands, the construction of a new port in Ireland, and even the building of a new high-speed railway between Estonia, Latvia, Lithuania and Poland, worth 4.5 billion.
The European Commission hopes that the first projects it selects will have access to funding starting in June 2015.
>> Read: Juncker's 315bn investment plan unveiled: fifteenfold leverage and solidarity for the south
On 26 November, less than a month after his arrival at the head of the European executive, Jean-Claude Juncker presented his plan for the European Fund for Strategic Investments (EFSI), which he hopes will lead to 315 billion euro of (largely private) investment over 3 years.
Deal with ECB
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2,000 projects line up for Juncker plan funding