Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-152-187"

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"en.20120705.19.4-152-187"2
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"Investment needs in the field of transport, energy, and information and communication technology (ICT) infrastructure in Europe are estimated at EUR 1.5 trillion for 2010-2020. While the private sector should finance the main part of these – mostly profitable – investments, the public sector’s role in Europe will be crucial for achieving the above targets. We therefore hope to mobilise the private sector. To ensure that everything works perfectly from 2014, we hope to launch a pilot phase immediately. Through the use of a European Investment Bank (EIB) facility, supported by an EU contribution, this pilot phase should enable us, first, to test financial markets’ acceptance of and reactions to this initiative, since new instruments take time to be incorporated in private sector investment decisions, and, second, to test the functioning and optimisation of project bonds intended to finance projects in practice in order to fine-tune the initiative."@en1

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