Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-07-05-Speech-4-163-000"
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"en.20120705.19.4-163-000"2
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"I congratulate Mr Färm on his work. By approving this report, Parliament, having regard to the Commission proposal to Parliament and the Council and the opinion of the Committee of the Regions, has reaffirmed the need for a modern and effective infrastructure for achieving the Europe 2020 objectives of smart, sustainable and inclusive growth, as well as reducing unemployment, through the completion of the internal market. The proposal approved today in Parliament not only extends but also upgrades the present Loan Guarantee Facility for the trans-European transport network (TEN-T). While upgrading provides the possibility of covering sectors other than transport, including energy and information and communication technology (ICT) projects, extension enables not only traffic risk to be covered, but all risks possibly leading to a shortfall of revenues in the life cycle of a project. Finally, it is rightly highlighted that it is crucial to find the right balance between the delegated powers granted to the Commission and European Investment Bank (EIB) and the reporting requirements and accountability mechanisms."@en1
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