Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-477-500"
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"en.20120704.28.3-477-500"2
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"To make full use of its potential, the European internal market needs an efficient and extensive transport and energy infrastructure network. The report in question focuses on project bonds, designed by the European Commission to attract more private investments from 2014, and, in particular, on the pilot phase in 2012-2013, intended to check that they work and to test the market. In my view, all the necessary control and management mechanisms should be activated to ensure that the pilot phase successfully gets under way as quickly as possible. Furthermore, given that over EUR 1.5 trillion is required to build infrastructure (for the period 2010-2020) along with investment by Member States of between 0.5 and 2% of GDP, the level of funding needs to be increased considerably and existing and planned sources of funding need to be included. On that basis, I believe that EUR 230 million is clearly not enough to implement projects with medium- to long-term returns. Finally, the Member States should start, complete or implement reforms to promote private investments, starting by simplifying and streamlining bureaucratic procedures."@en1
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