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Slovakia to contribute 400 mln euros to EU's investment plan

Xinhua, June 16, 2015 Adjust font size:

Slovakia is set to allocate 400 million euros (450.92 million U.S. dollars) as part of its contribution to the ambitious infrastructure investment program for the European Union (EU), known as Investment Plan for Europe, European Commission announced on Monday.

"Slovakia will contribute 400 million euros to projects benefiting from finance by the European Fund for Strategic Investments (EFSI), at the heart of the 315-billion-U.S.-dollar Investment Plan for Europe," the Commission said in a statement.

Slovakia is the seventh country to contribute to the plan, following investment commitments from Germany, Spain, France, Italy, Luxembourg and Poland.

In November 2014, Commission President Jean-Claude Juncker unveiled a plan to generate a 315 billion euros investment in European infrastructure projects over the next three years (2015-2017).

On Jan. 13, 2015, the Commission adopted a legislative proposal for the EFSI to mobilize private and public investment across the Europe. The fund is expected to become operational by fall 2015.

"I welcome the decision of the Slovak Government to announce the contribution to the Investment Plan for Europe at the level of projects. Slovakia has the stable environment to invest: the Investment Plan brings great opportunities to businesses and public-private partnerships, notably in the fields of energy efficiency and infrastructure, be it energy, transport or digital", Commission Vice-President Maros Sefcovic, responsible for Energy Union said in the statement. Enditem