Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-446-000"

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"en.20120704.28.3-446-000"2
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"Mr President, on behalf of the Group of the Alliance of Liberals and Democrats for Europe I would also like to say that we support this project and we believe that it is very good that we have got it off the ground and that we will be able to get it up and running quickly. I would also like to thank Mr Färm for his excellent contribution to finding a solution for this pilot project. In Denmark, where I come from, the idea of project bonds is, in reality, not a particularly strange one, as we have invested in many of our fixed connections – the bridge that links the country together and the bridge with Sweden – with loans taken out on the private market by the undertaking that built the bridge. The loans are subsequently paid back via contributions from the people who use the bridge. Thus, it is a way of raising capital in order to invest in infrastructure, and we all know very well – and it has been said here many times today – that it will probably be many years before the state purses will, in all seriousness, be able to afford to meet our investment needs. We have seen this sort of market for bonds used to finance infrastructure in the United States, and we hear from the private sector that, with the work we will be doing over the next 10 years, we will easily be able to get this sort of market for bonds off the ground. In other words, we will therefore perhaps be in a situation one day where it will be something that can in fact manage on its own, almost without any support from the EU budget. We need to provide support in the first instance, however. We need to borrow the confidence that exists in the European Investment Bank, so that investors in the form of pension funds and insurance companies can have the confidence to invest in serious projects. We need that in order to get this off the ground. I would also like to say that it is important for us to obtain an agreement on how we follow up on the experience gained in connection with this project, so that we can take this further and have a much greater focus on it in the future."@en1
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