| Series Title | EurActiv |
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| Series Details | 20.10.11 |
| Publication Date | 20/10/2011 |
| Content Type | News |
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The European Commission tabled on the 19 October 2011 a plan to fund €50bn worth of investment to improve Europe's transport, energy and digital networks. The Commission suggested that targeted investments in key infrastructures would help to create jobs and boost Europe's competitiveness at a time when Europe needs this most. The 'Connecting Europe Facility' would finance projects which filled the missing links in Europe's energy, transport and digital backbone. It would also make Europe's economy greener by promoting cleaner transport modes, high speed broadband connections and facilitating the use of renewable energy in line with the Europe 2020 Strategy. In addition the funding for energy networks would further integrate the internal energy market, reduce the EU's energy dependency and bolster the security of supply. To assist with the financing of the Connecting Europe Facility, the Commission also adopted the terms for the Europe 2020 Project Bond Initiative, one of a number of risk-sharing instruments upon which the facility may draw in order to attract private finance in projects. The pilot phase will start in 2012. |
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| Source Link | Link to Main Source http://www.euractiv.com/euro-finance/barroso-tables-innovative-financing-plan-news-508431 |
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| Subject Categories | Business and Industry, Energy, Mobility and Transport |
| Countries / Regions | Europe |
