Repair or replace. Why the "Juncker Fund" is in contradiction with the EU's transport policy - and how it can still be turned into a success

After his election as President of the European Commission, Jean-Claude Juncker initiated an ambitious investment plan for Europe. The article discusses the setting-up of the “European Fund for Strategic Investments” (EFSI) which secures selected private and public investments by hedging against first potential losses, thereby improving the financing conditions. But so far, there has been little in it for sustainable mobility: the transport sector is underrepresented, the fund channels away the resources reserved for the “Transeuropean Transport Networks” and the investment projects are often not aligned with the overarching goals of EU transport policy. Yet, the EU Commission has made a proposal to extend and expand the fund, even before the mandatory mid-term evaluation has been carried out. Among others, the European Court of Auditors is criticizing this hasty move. Finally, ways to turn the EFSI into a success for transport policy are suggested.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00209511
• Authors:
  • Cramer, M
  • Mueller, J
• Publication Date: 2017-5

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References;
• Pagination: pp 12-3
• Serial:
  • Internationales Verkehrswesen
  • Volume: 69
  • Issue Number: Special edition 1
  • Publisher: DVV Media Group GmbH
  • ISSN: 0020-9511

Subject/Index Terms

• ITRD Terms: 9016: Distribution (gen); 8303: EU; 8315: European Investment Bank; 244: Financing; 227: Investment; 1034: PAN; 1034: Pan American network; 143: Planning; 173: Policy; 1034: TEN; 1034: Trans European network; 1155: Transport
• Subject Areas: I10: Economics and Administration;

Filing Info

• Accession Number: 01660819
• Record Type: Publication
• Source Agency: Bundesanstalt für Straßenwesen (BASt)
• Files: ITRD
• Created Date: Feb 21 2018 9:21AM