Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-474-000"
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"en.20120704.28.3-474-000"2
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"Mr President, honourable Members, I would like to join President Hoyer and thank you for a very substantive and constructive debate. I would also like to thank you for your very strong support for the Europe 2020 project bond initiative, the basic idea of which is to stimulate private investment through public risk-sharing investment by the Commission and the EIB, to be used for large-scale investment in infrastructure.
It is important to get concrete on this once it has been adopted. The Commission and the EIB will sign a cooperation agreement as soon as possible after the final adoption of the proposal by the Council in July. As regards concrete projects, my understanding is that the EIB is already receiving expressions of interest and has started assessing a number of potential projects in the three sectors – transport, energy and communications – in order to start seeing signatures soon for these projects.
Of course we know that the pilot phase has a budget of only EUR 230 million. This means that we must use this pilot phase in order to make the case for increased funding on investment and growth in the next multifinancial framework for communication and transport, for energy, security and green growth. Indeed this pilot phase must pave the way for a reinforced contribution from the EU budget as well for these important objectives. We regard the project bonds as an integral part of the Connecting Europe Facility from 2014 onwards, which is an important example of the focus on growth and investment in the next multifinancial framework.
The commitments made by EU Member States and the Union as a whole to address the current crisis and to mobilise growth and jobs are very substantial. They have to be, because the well-being of every European citizen depends on the well-being of Europe as a whole. In the middle of difficult national debates on the necessary policy measures, it is of crucial importance that we can demonstrate the benefits of Europe in very concrete terms to our citizens and do so as soon as possible. This is a further reason why the project bond initiative plays an important part in our overall European growth agenda."@en1
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