LTIIA welcomes new EU investment plan

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LTIIA welcomes new EU investment plan

The Long-term Infrastructure Investor Asociation (LTIIA) has strongly welcomed the EU investment plan announced on 26 November by the European Commission.

The LTIIA has announced that it will file a formal contribution with the Vice-president Katainen shortly to support a quick implementation of the plan.

Thierry Déau, Chairman of the LTIIA, CEO and Founder of Meridiam, stated:
"European savings are available and abundant, this plan may well provide investment opportunities in well-structured and strategic projects for such savings"
According to a statement of the European Commission:

The Investment Plan will be based on three mutually reinforcing strands. First, the mobilisation of at least EUR 315 billion in additional investment over the next three years, maximising the impact of public resources and unlocking private investment. Second, targeted initiatives to make sure that this extra investment meets the needs of the real economy. And third, measures to provide greater regulatory predictability and to remove barriers to investment, making Europe more attractive and thereby multiplying the impact of the Plan.

For the first two strands, the Investment Plan for Europe is being launched jointly by the Commission and the European Investment Bank (EIB), as strategic partners, with the clear aim of rallying stakeholders at all levels. For the third strand, the Commission will propose action in its upcoming Work Programme, as well as together with the other EU Institutions and the Member States in the context of the European Semester.

As a consequence of the economic and financial crisis, the level of investment in the EU has dropped significantly since its peak in 2007, by about 15%, at the same time, there are significant levels of savings and - in contrast to some years ago - high levels of financial liquidity that can be mobilised.

The challenge of this plan is to put savings and financial liquidity to productive use in order to support sustainable jobs and growth in Europe.

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