| Author (Corporate) | European Commission |
|---|---|
| Series Title | COM |
| Series Details | (2011) 660 final (19.10.11) |
| Publication Date | 19/10/2011 |
| Content Type | Policy-making |
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Despite long-standing EU policy and grant spending on Trans-European Networks (TENs) in the area of transport, energy and telecommunications, the Commission has found that the completion of key infrastructure projects is delayed with one of the principal reasons being lack of investment. One of the key decisions in the proposed multi-annual financial framework (MFF) for the period 2014-2020, adopted by the Commission on 29 June 2011, was to re-unite the granting of financial aid for transport, energy and ICT infrastructure under a common legislative framework, the Connecting Europe Facility (CEF). The Commission is proposing to launch a pilot phase in the period 2012-2013, within the current financial framework. Recent consultation showed widespread support from stakeholders to open up debt capital markets for infrastructure financing as soon as possible. In addition, such a pilot phase would facilitate the market introduction of EU-supported project bonds, which will be a new type of asset and testing of the design and parameters of the initiative in order to make changes, if required, before 2014. Related proposal: - Proposal for a Regulation of the European Parliament and of the Council amending Decision No 1639/2006/EC establishing a Competitiveness and Innovation Framework Programme (2007-2013) and Regulation (EC) No 680/2007 laying down general rules for the granting of Community financial aid in the field of the trans-European transport and energy networks |
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| Source Link | Link to Main Source http://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:2011:0660:FIN:EN:PDF |
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| Subject Categories | Politics and International Relations |
| Countries / Regions | Europe |
