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Project Bonds: EPP Group welcomes Commission proposal. Corien Wortmann-Kool MEP and Jean-Paul Gauzès MEP


19 Oct 2011


Euro & Finance

The EPP Group has welcomed today's proposal by the European Commission on project bonds. Commissioner Olli Rehn has proposed launching a pilot phase to attract private capital financing infrastructure in the field of transport, energy and ICT infrastructure.

According to the EPP Group, project bonds will help to secure the required investment in European infrastructure. They will create sufficient confidence to attract more private financing, thereby serving as an important mechanism for maximum leverage of public spending.

Corien Wortmann-Kool, Vice-Chairwoman of the EPP Group (responsible for economic affairs), said: "The EPP Group welcomes the initiatives to further strengthen the role of the European Investment Bank by issuing bonds for earmarked projects in important areas such as energy, telecoms and transport. This is of great importance for simulating growth and jobs."

Jean-Paul Gauzès MEP, EPP Group Coordinator in the Economic and Monetary Affairs Committee of the European Parliament, said: "Project bonds are a long-standing demand by the EPP Group and the proposal by the Commission is warmly welcomed. Funding infrastructure is an important means for sustaining Europe's position in the world and to ensure a prosperous future."

For further information:

Corien WORTMANN-KOOL MEP, Tel: +32-2-2845570

Jean-Paul GAUZÈS MEP, Tel: +32-2-2845700

Eduard Slootweg, EPP Group Press and Communications Service, Tel: +32-475-721280

Notes to Editors:

The EPP Group is by far the largest political group in the European Parliament with 264 Members.