Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-460-000"
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"en.20120704.28.3-460-000"2
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"First of all, I would like to thank my colleague, rapporteur Göran Färm for doing a really great job, and, of course, the Commission for listening to the European Parliament’s calls for proposals on project bonds, which are important for the development of the European Union’s infrastructure. The Europe 2020 strategy sets ambitious targets, but with the current transport, energy or information technology infrastructure it will be impossible to make any significant progress in the decade ahead. Addressing today’s problems, such as traffic congestion, outdated energy systems, missing transport and energy links and undeveloped information technology infrastructure will require huge investment, which the public sector cannot provide. We therefore have to rely on private sector investment, but the unfavourable economic situation in the European Union and projects that are not commercially viable will not attract the funding we lack. Although a comparatively small amount, EUR 230 million, will be allocated in this pilot phase, we should expect this phase to provide greater guarantees and security for potential investors and to help assess the functioning of the European Union market. The introduction of the bonds is very welcome and it must help move forward and promote the development of crucial infrastructure that provides added value to the whole of the European Union, infrastructure which is vitally important for isolated regions and without which the European Union internal market cannot and will not be able to function effectively."@en1
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