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14.11.2014 final

EUROPEAN INVESTMENT PROGRAMME: FINLAND’S PROPOSALS FOR INITIATIVES

Finland proposes four initiatives. The first one is a European-wide business friendly e-
government initia- tive to strengthen a real-time EU economy. This would promote cross-border
trade, reduce the administra- tive burden and to improve the regulatory environment of European
businesses.

The other three are national and regional initiatives having significance for Europe.

1. Energy security and renewable energy

Energy connections and transmission. The main project to be advanced is a regional,
energy secu- rity enhancing LNG terminal in Finland. Also, the aim is to co-operate with
Estonia in increasing en- ergy security and enhancing competition. Estonia is planning a
smaller LNG terminal simultaneous- ly. Furthermore, an additional electricity gridline to
northern Sweden is advanced in co-operation with Swedish authorities. These initiatives
would implement the European energy strategy.

Renewable energy solutions. The two initiatives, an integrated smart energy concept
demonstra- tion for intermittent renewable energy production and storage and off-shore
wind energy parks in a cold climate of the Baltic Sea region promote renewable energy
and its storage.

2. Growth potential of key industries

Creating a network for the industrial internet. A new internet of things pilot network
Finland as a driving environment for industry is advanced. New pilot environments will be
built in the university cities of Oulu, Tampere, Espoo and Lappeenranta.

A digital infrastructure ecosystem for automated vehicles is advanced to manage high
data vol- umes associated with vehicles on public roads.

Promoting investments in and the business environment for the bioeconomy is advanced.
This proposal would include the necessary infrastructure for key bioeconomy projects,
such as the bio- product mill in Äänekoski and an innovative biorefinery in Kokkola.

EduCloud, a pioneering operations and technology model in which a national ecosystem is
built to unite the users and buyers as well as the developers and service providers of
educational services is advanced.

3. Transport connections

A fast railway connection between Helsinki and Turku to strengthen the Scan-Med
corridor will be advanced. An improvement of Helsinki – Vantaa airport would cement
its position as a regional hub between Asia and Europe. Also, a transport connection to
the Sokli phosphate mine is pro- posed to benefit exploitation of Arctic resources.


Inasmuch as national financing is required for projects, the multi-annual central government
spending lim- its need to be observed, and financing is decided upon according to established
procedures, fully respecting the budgetary authority of Parliament.

Attached is an illustrative list of possible investment initiatives compiled by different branches and
levels of administration. The Government has not committed itself to implement this list.
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