EU Task Force identifies 2,000 potential projects worth €1.3 trillion - The EU Task Force on Investment published a report showing that there is significant potential for investment in Europe. It identifies 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.
Many of these projects are currently not being realised due to financial, regulatory or other barriers. Vice-President Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: "This report shows there are huge investment needs and viable projects that could lift economic growth and open up more job opportunities in Europe. There has been a severe disconnect between the available investment and credible projects on the ground. We are now taking a big step to restore investor confidence and connect the two." Any project identified by the Task Force will have to be assessed thoroughly before being considered for finance. The central idea is to provide a pipeline of trustworthy projects which will restore investor confidence and unlock private sector investment to complement finance from Member States and the EU.
For more information can be found at: http://europa.eu/rapid/press-release_IP-14-2480_en.htm