In the aftermath of EAGLE, the objective of the MetaGrey Europe project is to organize a new network of European leading organisations for the collection and dissemination of grey research literature, to facilitate the access to European grey literature through a unique web-interface (metasearch engine), to increase its international visibility and to safeguard the former SIGLE records and integrate them in the new network in an OAI-PMH compliant format. The communication describes the project scope, assesses the resources, contains a risk analysis and an outline of costs and benefits and provides information about project management, communication strategy and planning.