Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-157-125"

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"en.20120705.19.4-157-125"2
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"I welcomed the document because a modern and effective infrastructure is of key importance for achieving the Europe 2020 objectives of smart, sustainable and inclusive growth, as well as reducing unemployment, through the completion of the internal market. To this end, the EU Commission has proposed a Connecting Europe Facility (CEF) for the next financial framework in order to accelerate infrastructure development in the fields of transport, energy and information and communication technology (ICT) networks, with particular emphasis on strategic cross-border aspects. Through amending the current CEF and trans-European network (TEN) rules, the proposal extends and upgrades the present Loan Guarantee Facility for TEN Transport (LGTT). It is upgraded to cover sectors other than transport, including energy and ICT projects, whilst at the same time being extended to cover not only traffic risk, but all risks possibly leading to a shortfall of revenues in the lifecycle of a project. The establishment of this new instrument for investing in the future has often been strongly called for by the European Parliament. Finally, in the conclusions of its meeting of 1-2 March 2012, the European Council set this ambitious target for the pilot phase: ‘given the need to stimulate the private financing of key infrastructure projects, work on the pilot phase of the Europe 2020 project bond initiative should be stepped up...’."@en1

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