Press Release: EU-EIB Project Bond Initiative launched with start of pilot phase

The Europe 2020 Project Bond Initiative, which aimed to improve capital market financing of infrastructure, passed its final approval stage in November 2011. Following signature of a Cooperation Agreement between the European Commission and European Investment Bank, clarifying risk sharing, the pilot phase of the project bond initiative was ready for roll-out.

• Primary Source

European Commission: Speech/12/789: Olli Rehn: Europe's growth challenge and innovative infrastructure financing http://europa.eu/rapid/press-release_SPEECH-12-789_en.htm

Deutsche Bank: DB Research: EU Monitor, 25 September 2013: Project Bond Initiative. Project selection the key to success http://www.dbresearch.com/PROD/DBR_INTERNET_EN-PROD/PROD0000000000320937.pdf

European Commission: DG Economic and Financial Affairs: Europe 2020 Project Bond Initiative http://ec.europa.eu/economy_finance/financial_operations/investment/europe_2020/index_en.htm

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