Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-153-500"
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"en.20120705.19.4-153-500"2
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"I voted in favour of the proposal launching a pilot phase for project bonds to support investment in the transport, energy and ICT fields through attracting and facilitating private financing of priority projects. National budgets are under considerable pressure, so it is important that we look at new and innovative ways of boosting growth and creating jobs. Crucially, this initiative does not make any additional demands on domestic budgets, sovereign debt or contingent liability. It does rely on redirecting EURÂ 230 million from existing EU programmes to the EIB, to leverage a total investment of EUR 4.5 billion. It is better to use private finance productively rather than have it end up in speculative markets. Should the pilot project prove successful, this type of financial instrument could be used more widely in the future. I welcome the fact that the Parliament and the Council have agreed on the re-investment of any revenues generated into the mechanism itself, on a clear role for MEPs in monitoring implementation, as well as a full independent evaluation of the pilot phase in 2015. I would emphasise that infrastructure projects funded under this initiative should cover the entire EU, and not just in the centre."@en1
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