Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-452-000"
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"en.20120704.28.3-452-000"2
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"Mr President, ladies and gentlemen, I think the proposal to establish project bonds to finance development of the European infrastructure network is positive. The allocated figure of EUR 230 million is somewhat low in relation to actual needs, but it should be borne in mind that this is an experimental phase, and considering the chronic scarcity of resources I think the result achieved is a good compromise.
With these funds it will be possible to fund around 10 projects at most, but this is a useful exercise to understand whether this instrument can be a driver to attract the necessary investments to improve transport, energy networks and telecommunications in Europe. However, I hope that the projects that will benefit from this new initiative are chosen carefully, and that above all the effectiveness of these proposals is closely scrutinised. We absolutely cannot allow ourselves to invest public money in risky operations with uncertain returns."@en1
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