Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-169-250"
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"en.20120705.19.4-169-250"2
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"The Commission has presented the Connecting Europe Facility (CEF), a financial instrument for transport, energy and information and communication technology (ICT) infrastructure, as vital for developing the European economy, with particular emphasis on cross-border links. Since considerable investment is required, it proposes a new project bond instrument to encourage funding from the private sector, which usually does not invest in these types of projects. Project bonds are a debt instrument issued by private project companies for a specific project, with the backing of an EU/European Investment Bank (EIB) contribution which will make the bonds safer and more attractive. Like other innovative instruments, the project bonds in this pilot phase can be combined with other public and/or private funding. The EU, for its part, will contribute a maximum of EUR 230 million. I agree with this initiative and hope that, at the end of the pilot phase in 2013, this instrument will be implemented to provide Member States with another opportunity to raise funds for developing energy, transport and ICT infrastructure."@en1
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