New horizons for European infrastructure development

The European Investment Plan Portal gets set to launch

Publication May 2016


Introduction

The European Investment Plan Portal (EIPP) is set to go live. The EIPP is the creation of the European Commission (EC) and European Investment Bank (EIB). It is a key element of the second stage of the Investment Plan for Europe.

The EIPP aims to mobilise investment in the EU economy, through an online platform that will promote projects across all regions and attract potential investors across the world. The projects will be presented in a database, with an interactive project map and project directory.

Projects listed in the EIPP must1:

  • be worth at least €10 million in terms of required investments
  • be within one of the wide range of listed sectors
  • be promoted by a public or private legal entity in an EU member state
  • be compatible with all applicable EU and national laws
  • be expected to start within three years of the project submission.

What is the European Investment Plan?

In November 2014, the European Commission announced its Investment Plan for Europe, also known as the Juncker Plan. The European Investment Plan was launched in response to low levels of investment in the EU since the global financial crisis.

The aim is to facilitate investments totalling over €315 billion across the EU over the following three years, to support investment in the economy and create an investment friendly environment.

The EIB is providing €5 billion to the European Fund for Strategic Investments (EFSI) on its own risk without support from the EU budget. The EU is contributing €16 billion from its budget in the form of an EU guarantee, which, in aggregate and with a multiplier of 15, aims to facilitate more than €315 billion of investments over the next three years.

EFSI structure

The EFSI was the first pillar of the plan in 2014. It regulates the fund and aims to finance both infrastructure and innovation projects, as well as SMEs and Mid-Caps.

The European Investment Advisory Hub (EIAH), in 2015, and the EIPP, in 2016, are the second pillars of the plan. They were set up to support the goals of the EFSI and improve the market’s functioning for investors.

EFSI structure

Current projects

The EFSI Investment Committee was established to help manage the fund and approve proposed projects. The following table2 shows the projects which are currently approved, with a large proportion of the €315 billion yet to be invested.

By December 2015, nine projects had already been financed by the committee, including:

ProjectCountry
Arvedi Modernisation Programme Italy 
Äänekoski Bioproduct Mill Finland 
Capenergie 3 Fund France 
Smart meters UK
Abengoa research, development and innovationSpain
Copenhagen InfrastructureDenmark
Galloper offshoreUK
GrifolsSpain 
Nobelwind offshoreBelgium

Other projects approved to date include:

ProjectCountry
Third Beatrix LockThe Netherlands
Primary Care CentresIreland
Midland Metropolitan Hospital PF2UK
Impax New Energy Investors IIUK
Redexis Gas Transmission and DistributionSpain
TI-accelerated high speed broadband rolloutItaly
Nord Pas de Calais high-speed broadbandFrance
SaarLB renewable energy project finance guaranteeGermany and France
Autovia Venete wideningItaly
D4/R7Slovakia
Beatrice Offshore windUK
London energy efficiencyUK
HBOR risk-sharingCroatia
Energy efficiency in residential buildingsFrance
Alsace high-speed broadbandFrance
A355 Grand Contournement Ouest de StrasbourgFrance

There are a number of different financial products which are available under the EIP.

In addition to financing projects, the EIP also provides finance to companies which are fast growing and/or engaged in research and development.

Project locations

Project locations

This map shows the location of projects in January 2016.

What kind of projects and businesses does the plan help fund?

The EFSI funds a variety of projects and businesses across a wide range of industry sectors including:

What kind of projects and businesses does the plan help fund?

Almost by definition, the EFSI is targeted at those projects and businesses that are struggling to raise more traditional forms of finance. Hence they are likely to be more complex and challenging to bring to financial close.


Footnotes

2

Source: EFSI investment committee members emerge, Project finance and infrastructure journal


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