Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-455-000"
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"en.20120704.28.3-455-000"2
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"Mr President, I would like to start by thanking the rapporteur and all those involved in this dossier. We are discussing something that was often in the news and that was announced far in advance, the famous project bonds. I believe that we need to support these bonds, as they represent a good attempt to also enable more private funds that are present in the economy to give rise to real investment projects that, of course, also directly and indirectly contribute to economic growth. I also fear, a little, that if we want to realise our ambitions in order, for example, to bring about a trans-European transport network, we will need a mix of funding streams, and this should be one of them.
At the same time, we also need to keep modest. We have now made available EUR 230 million with which we will be able to support maybe two or three projects. That is a good thing, and every little helps. However – to cite just one example – if we want to realise the trans-European transport network by 2030, we will need to find at least EUR 500 billion to make that a reality.
This kind of funding instruments must not – and this is also important – be used as an excuse to fail to make any real credit available for investments. We thus need to keep an eye on this to check that, along with this kind of instrument, there is also sufficient credit such as for the Connecting Europe Facility (CEF), so that the authorities at various levels, too, can live up to their responsibility. However, let us give this our backing in every respect."@en1
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