| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/05/272 (9.3.05) |
| Publication Date | 09/03/2005 |
| Content Type | News |
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The European Commission on 9 March 2005 proposed, for the first time, that the European Union could guarantee part of the debt of priority cross-border transport infrastructure projects to stimulate private investment in so-called Trans-European Network projects. The guarantee was planned to have a budget of €1 billion, enough to cover €20 billion of debt. The proposal followed a request by the European Council of December 2003 and needed the approval of Finance Ministers. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/05/272&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Mobility and Transport |
| Countries / Regions | Europe |
