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Morten Jensen SSS and MoS Focal Points Meeting Brussels, 18-19 March 2010

Morten Jensen SSS and MoS Focal Points Meeting Brussels, 18-19 March 2010. The European Economic Recovery Plan. The economic crisis. The European Commission proposed the European Economic Recovery Plan to the European Council in November 2008 It contained two pillars:

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Morten Jensen SSS and MoS Focal Points Meeting Brussels, 18-19 March 2010

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  1. Morten JensenSSS and MoS Focal Points MeetingBrussels, 18-19 March 2010 The European Economic Recovery Plan

  2. The economic crisis • The European Commission proposed the European Economic Recovery Plan to the European Council in November 2008 • It contained two pillars: • First pillar: An injection to the economy amounting to € 200 billion (1.5% of GDP) • Second pillar: A programme to direct action to « smart » investment

  3. The strategic aims of the EERP The EERP was a counter-cyclical macro-economic response to the economic crisis: • To swiftly stimulate demand • To Lessen the human cost of the economic downturn • To prepare Europe for the return of growth • To speed up shift towards a low carbon economy

  4. 10 actions in the four areas of the Lisbon Strategy • People • Launch a major European Employment initiative • Create demand for labour • Business • Enhance access to financing for business • Reduce the administrative burdens and promote entrepreneurship • Infrastructure and energy • Step up investments to modernise Europe’s infrastructure (including TEN-T) • Improve energy efficiency in buildings • Promote the rapid take-up of « green products » • Research and innovation • Increase investment in R&D, Innovation and Education • Developing clean technologies for cars and construction • High-speed internet for all

  5. TEN-T in the EERP • Launch a € 500 million call before end of March 2009 brining forward existing funds • Projects to start in 2009 or, at the latest, in 2010 AND to implement the bulk by end of 2010 • Only works (no studies) • The objectives in the context of the EERP were twofold: • To mobilise investments corresponding to six times the value of the call, i.e. € 3 billion; • Accelerate the delivery of the TEN-T infrastructure

  6. The TEN-T EERP call • Deadline was 15 May 2009 • 99 proposals were received requesting over € 2 billion EU support • 39 proposals have been selected for funding • 4 projects are investments in ports • All projects have been adopted in 2009 (except a few projects where problems have occured)

  7. Thank you for your attention Morten.jensen@ec.europa.eu www.ec.europa.eu/tentea

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