Hoyer Sees EU47 Billion Investment by Year-End From Juncker Plan
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The European Union’s infrastructure investment plan will achieve as much as 15 percent of its target volume by year end, even as its organization remains incomplete, European Investment Bank President Werner Hoyer said.
The “Juncker Plan” aims to unlock as much as 315 billion euros ($358 billion) in private and public investments by the end of 2017 that would have struggled to raise financing. Its investment committee is not set up yet and the managing director still needs the European Parliament’s approval, possibly next week, Hoyer said Saturday.