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Project bond pilot testing: Parliament approves EU guarantees

EU News 312/2012

5 July 2012

Plenary Session Budget

An EU allocation of €230 million in guarantees to back the private issuance of "project bonds" for transport, energy and information technology infrastructure projects was approved by Parliament on Thursday. The decision allows pilot testing of this innovative plan to attract private investment in transport, energy and information technology network projects.

€200 million will be set aside to guarantee investments in transport networks, €20 million for information and communication technology (ICT) networks and €10 million for energy connections. The scheme will be managed by the European Investment Bank (EIB).

Source and additional information:
http://www.europarl.europa.eu/news/en/pressroom/content/20120705IPR48349/html/Project-bond-pilot-testing-Parliament-approves-EU-guarantees