EN Official Journal of the European Union L 299/86

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of amendments, and in order to simplify the implementation of the EIPP, Implementing Decision (EU) 2015/1214 should be repealed and replaced by this Decision,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:

Article 1

Technical specifications of the European Investment Project Portal (EIPP), as set out in the Annex, are hereby adopted.

Article 2

Projects shall be included in the EIPP subject to compliance with the following admission criteria:

(a) the project (or the programme consisting of smaller projects) shall have a minimum total project cost of EUR 5 000 000;

(b) the project shall be implemented within the geographical scope of Article 8 of Regulation (EU) 2015/1017 and shall support one or more of the objectives and sectors listed in Article 9(2) of that Regulation;

(c) the promoter shall be a legal entity established in a Member State and shall not be subject to insolvency proceedings;

(d) the project shall be compatible with Union law and the law of the relevant Member State and shall not entail legal, reputational or national security risks for the Member State or the Commission;

(e) the project implementation shall have commenced or shall be expected to commence within three years of the date of submission to the EIPP;

(f) the project shall be clearly described in the project application as an investment project and the information provided therein shall be accurate and shall specify the amount of financing necessary for undertaking the project.

Article 3

An application processing fee of up to EUR 250 per project shall be charged to private project promoters.

The State, regional or local authorities, bodies governed by public law as defined in Article 2(1)(4) of Directive 2014/24/EU of the European Parliament and of the Council (3), associations formed by such authorities or bodies and entities controlled by such authorities or bodies (public project promoters) shall be exempt from payment of the application processing fee.

Private project promoters shall also be exempt from payment of the application processing fee in respect of projects which are supported by a public authority of a Member State in pursuit of public investment priorities.

The authorising officer responsible may decide in exceptional and justified cases that a private project promoter shall also be exempt from payment of the application processing fee.

The revenue derived from the application processing fee shall give rise to the provision of additional appropriations in accordance with Article 21(4) of Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council (4) and Article 15(4) of Regulation (EU) 2015/1017.

Article 4

Implementing Decision (EU) 2015/1214 is repealed.

Article 5

This Decision shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

Done at Brussels, 4 November 2016. For the Commission The President Jean-Claude JUNCKER

(1) OJ L 169, 1.7.2015, p. 1.

(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).

(3) Directive 2014/24/EU of the European Parliament and of the Council of 26 February 2014 on public procurement and repealing Directive 2004/18/EC (OJ L 94, 28.3.2014, p. 65).

(4) Regulation (EU, Euratom) No 966/2012 of the European Parliament and of the Council of 25 October 2012 on the financial rules applicable to the general budget of the Union and repealing Council Regulation (EC, Euratom) No 1605/2002 (OJ L 298, 26.10.2012, p. 1).