European Parliament approves the issuance of 200 million euros in bonds to finance infrastructure
SOURCE HOLDER DIARIODELPUERTO.COM. july 6, 2012
The plan aims to attract private investment in new transportation projects, energy projects and information technologies projects.
Of the total amount approved, 200 million is earmarked for investment in transport networks, 20 million for information technology and communication and 10 million for energy connections. The system will be led by the European Investment Bank (EIB).
European officials estimate that the bonus plan will have a multiplier effect of between 15 and 20 times the initial investment, so that the guarantees would allow the mobilization of nearly 4,600 million in private investment.
Remember that the EU must invest about 1.5 billion euros in transport infrastructure, energy and communications in the period 2010-2020.
A modern and efficient infrastructure is vital to meet the growth targets set by Europe 2020, said the rapporteur, Göran Färm (S&D, Sweden), adding that “while the private sector could finance most of these investments – those which give the greatest benefits- the public sector’s role in Europe will be crucial to achieving the 2020 targets “.
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