Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-04-Speech-3-478-000"

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"en.20120704.28.3-478-000"2
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"The EU works with 1.05% of the GDP of the individual Member States as a spending limit in a seven-year period. Unsurprisingly, this is rather too little for infrastructure investments. It is logical that, under these circumstances, efforts are made to find additional resources for funding the trans-European transport and energy networks. The draft regulation of the European Parliament and of the Council is one such effort. A pilot phase of the project is now to be developed, and in the next planning period this initiative for project bonds within the framework of the Connecting Europe Facility should also generate a sufficient volume of resources from private investors. As these are reference bonds – in the repayment of various bonds they are rated immediately after World Bank bonds – this is a secure instrument for institutional investors, such as various funds. In the pilot phase of the project it has been specified that EUR 200 million should be earmarked for the trans-European transport network in 2012-2013, EUR 10 million for the energy network and up to EUR 20 million for the framework programme for competitiveness and innovation and ICT projects and broadband services. It has also been specified that resources obtained in this way will comprise a relatively small part of the investment capital for individual actions. A multiplier effect is expected with a ratio of 15 to 20. As this involves support for infrastructure investments, the Confederal Group of the European United Left – Nordic Green Left supports the regulation."@en1

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