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Commission Implementing Decision (EU) 2016/1942Show full title
Commission Implementing Decision (EU) 2016/1942 of 4 November 2016 on the specifications of the European Investment Project Portal and repealing Implementing Decision (EU) 2015/1214
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Commission Implementing Decision (EU) 2016/1942
of 4 November 2016
on the specifications of the European Investment Project Portal and repealing Implementing Decision (EU) 2015/1214
THE EUROPEAN COMMISSION,
Having regard to the Treaty on the Functioning of the European Union,
Having regard to Regulation (EU) 2015/1017 of the European Parliament and of the Council of 25 June 2015 on the European Fund for Strategic Investments, the European Investment Advisory Hub and the European Investment Project Portal and amending Regulations (EU) No 1291/2013 and (EU) No 1316/2013 — the European Fund for Strategic Investments(1), and in particular Article 15(1) thereof,
Whereas:
(1) Regulation (EU) 2015/1017 entrusts the Commission with the responsibility to create, with the support of the European Investment Bank (EIB), a European Investment Project Portal (EIPP). The EIPP is a publicly available web portal of investment projects which acts as a platform to promote projects to potential investors worldwide.
(2) The EIPP was created by Commission Implementing Decision (EU) 2015/1214(2) and became operational in June 2016.
(3) Experience gained in managing the EIPP indicates that certain amendments, especially with regard to admission criteria and processing fee, are required to be made in order to provide for greater flexibility in the selection of projects for inclusion in the EIPP and to clarify the scope of the fee exemption.
(4) In that context, it is appropriate to exempt in addition to public project promoters also private project promoters whose project is supported by a public authority of a Member State in pursuit of public investment priorities from the payment of the application processing fees in order to duly implement Article 15(4) of Regulation (EU) 2015/1017 and to attract an increased number of high quality projects with a specific link to such investment priorities.
(5) In the interests of clarity, given the volume of amendments, and in order to simplify the implementation of the EIPP, Implementing Decision (EU) 2015/1214 should be repealed and replaced by this Decision,
HAS ADOPTED THIS DECISION:
(2)
Commission Implementing Decision (EU) 2015/1214 of 22 July 2015 creating the European Investment Project Portal and setting out its technical specifications (OJ L 196, 24.7.2015, p. 23).
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