Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-170-000"
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"en.20120705.19.4-170-000"2
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"Investment needs for transport, energy and ICT infrastructure projects are estimated at around EUR 1.5 trillion for 2010-2020. It is therefore vital that we find some mechanism to help generate this investment. I believe that the decision to launch a project bond pilot phase over the next 18 months is a good initiative and will help test how financial markets perceive them. Guarantees from the EU will help to attract private investment in transport, energy and information technology network projects across the EU. The fact that the bonds are guaranteed by the EU budget and the EIB will mean that they are safer and more attractive to capital market investors, for example, pension funds and insurance companies. At present, many investors are reluctant to fund large infrastructure projects due to risks that are perceived to be too high. I strongly believe that project bonds are what we need in order to boost growth and provide the best infrastructure for citizens across the EU."@en1
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