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16 Oct 2017

EIC 2017 Autumn Conference: The Global Infrastructure Funding Gap

EIC held its Autumn Conference in Paris with a workshop on “The Global Infrastructure Funding Gap – Why it exists and how it can be overcome”.

More than 100 participants attended the EIC General Assembly and Workshop on 12-13 October 2017 in Paris where a distinguished workshop panel discussed the causes for the current massive gap in global infrastructure funding and possible scenarios to overcome this lack of funding.

Following an introduction by EIC President Philippe Dessoy, the speakers of the first panel, Christian Jabre of KPMG Corporate Finance, Salim Bensmail of the French Ministry for the Economy and Finance, Alessandro Carano, Member of Cabinet of the EU Commissioner for Transport and CICA Representaive Roberto Morrison analysed the reasons behind the funding gap in different world regions. Besides the need to keep up with world-wide growing GDP and population, speakers also identified the increasing difficulty to build a pipeline for large projects.

Workshop Session 2 focussed on the prerequisites for investments into infrastructure and the roles institutional players such as the EU and the AIIB could play in order to enhance funding for infrastructure both in developed and in developing countries. Speakers included Michael Watson of Pinsent Masons, Eugène Zhuchenko from the Long-Term Infrastructure Investors Association, AIIB’s Procurement Advisor Ian Nightingale, DG DEVCO’s Roberto Ridolfi and Rima Le Coguic of Agence Française de Développement. All speakers emphasised the task for the development policy to provide the right tools to “crowd-in” private finance. In this context, the presentation of the European Commission on its new EU External Investment Plan was of particular interest.