Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-454-000"
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"en.20120704.28.3-454-000"2
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"Mr President, Commissioner, ladies and gentlemen, as well as being a spokesperson on budgets for the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, Göran Färm is a very professional MEP who works very hard on his reports, and the one that we are discussing now is a good example of that.
At a time of very harsh budgetary restrictions, the use of these innovative financial instruments is highly important. In the debates of the Special Committee on Policy Challenges and Budgetary Resources for a Sustainable European Union after 2013 that took place last year, Parliament agreed on the need to introduce these new financial instruments, in order to compensate for the possible insufficiency of the traditional budget. Essential investments in transport, energy and telecommunications need to be financed. These needs are evaluated at EUR 1.5 billion between 2010 and 2020.
Taking into account how difficult it currently is to secure a private investor for large infrastructure projects from which it is difficult to make a profit in the short term, the project bond initiative takes on even greater importance. The Council’s express acknowledgement of the future use of project bonds and their relationship to the Connecting Europe Facility makes this report even more important. It is a fully European project that brings new funding to projects that incorporate high added value for the EU.
What is most important is that the majority of the amendments suggested by the rapporteur have been adopted by the Council in two different trilogues, and that this is going to enable us to reach a swift agreement at first reading so that the project can begin immediately.
Concluding with the subject of evaluation, it is very important that, as a Parliament, we demand that the Commission presents its provisional report in mid-2013 and that therefore, if the market has not positively received project bonds, we will be in a position to improve the project, in order to implement it in the second half of 2013."@en1
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