Activities of Georgi PIRINSKI related to 2016/0276(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub
Amendments (20)
Amendment 40 #
Proposal for a regulation
Recital 8
Recital 8
(8) The extended EFSI should address remaining market failures and sub-optimal investment situations and continue to mobilise private sector financing in investments crucial for Europe’s future quality job creation – including for the youth –, inclusive growth and competitiveness, enhancing the social and employment impact, with strengthened additionality. They include investments in the areas of energy, environment and climate action, social and human capital and related infrastructure, healthcare, research and innovation, cross- border and sustainable transport, as well as the digital transformation. In particular, the contribution of operations supported by the EFSI to achieving the Union's ambitious targets set at the Paris Climate Conference (COP21) should be reinforced. Energy interconnection priority projects and energy efficiency projects should also be increasingly targeted. Moreover, social infrastructure related projects should be highly targeted. In addition, EFSI support to motorways should be avoided, unless it is needed to support private investment in transport in cohesion countries or in cross- border transport projects involving at least one cohesion country. For reasons of clarity, although they are already eligible, it should be explicitly laid down that projects in the fields of agriculture, fishery and aquaculture come within the general objectives eligible for EFSI support.
Amendment 42 #
Proposal for a regulation
Recital 10
Recital 10
(10) Due to their potential to increase the efficiency of the EFSI intervention, blending operations combining non- reimbursable forms of support and/or financial instruments from the Union budget, such as those available under the Connecting Europe Facility, and financing from EIB Group, including EIB financing under the EFSI, as well as other investors should be encouraged. Blending aims to enhance the value added of Union spending by attracting additional resources from private investors and to ensure the actions supported become economically and financially viable. However, it is crucial that the EFSI does not replace or crowd-out grants;
Amendment 45 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) Combining EFSI and European Structural and Investment Funds should be based on a thorough ex-ante assessment of the additionality provided by EFSI interventions and should be allowed only if the amount of grants available to beneficiaries remains unchanged;.
Amendment 54 #
Proposal for a regulation
Recital 11
Recital 11
(11) In order to reinforce the take-up of the EFSI in less-developed and transition regions, the scope of the general objectives eligible for EFSI support should be enlarged, and a strategy for the better promotion of EFSI financing, capacity building and local technical assistance in the above mentioned regions should be developed and duly implemented.
Amendment 54 #
Proposal for a regulation
Recital 14
Recital 14
(14) In order to partly finance the contribution from the general budget of the Union to the EU guarantee fund for the additional investments to be made, a transfer should be made from the available envelope of the Connecting Europe Facility (CEF), provided for in Regulation (EU) No 1316/2013 of the European Parliament and of the Council4. Moreover, EUR 1 145 797 000 of appropriations should be transferred from the CEF financial instruments to the grant part of the CEF with a view to facilitating blending with the EFSI or to other relevant instruments, in particular those dedicated to energy efficiency. _________________ 4Regulation (EU) No 1316/2013 of the European Parliament and of the Council of 11 December 2013 establishing the Connecting Europe Facility, amending Regulation (EU) No 913/2010 and repealing Regulations (EC) No 680/2007 and (EC) No 67/2010, OJ L 348, 12.2013, p. 129meet the high demand for financing of mature projects under CEF EUR 1 145 797 000 of appropriations should be transferred from the CEF financial instruments to the grant part of the CEF with a view to facilitating blending with the EFSI or to other relevant instruments, in particular those dedicated to energy efficiency.
Amendment 64 #
Proposal for a regulation
Recital 17
Recital 17
(17) The EIB and the EIF should ensure that all the final beneficiaries, including SMEs, are are duly informed of the existence of EFSI support, so as to enhance the visibility of the EU guarantee granted under Regulation (EU) 2015/1017.
Amendment 66 #
Proposal for a regulation
Recital 18
Recital 18
(18) With a view to enhancing the transparency of EFSI operations, the Investment Committee should explain in its decisions, which are made public and accessible, the reasons why it deems that an operation should be granted the EU guarantee, with particular focus on compliance with the additionality criterion, as well as performance indicators such as quality job creation, both direct and indirect. The scoreboard of indicators should be made public once an operation under the EU guarantee is signed.
Amendment 76 #
Proposal for a regulation
Article 1 – paragraph 1 – point 3
Article 1 – paragraph 1 – point 3
Regulation (EU) No 2015/1017
Article 6 – paragraph 1 – introductory part
Article 6 – paragraph 1 – introductory part
The EFSI Agreement shall provide that the EFSI is to support projects which address market failures or sub-optimal investment situations including with the purpose of achieving a more balanced geographical distribution of investments and which:;
Amendment 84 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point d
Article 1 – paragraph 1 – point 5 – point d
Regulation (EU) No 2015/1017
Article 9 – paragraph 4
Article 9 – paragraph 4
Amendment 89 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b – point i
Article 1 – paragraph 1 – point 9 – point b – point i
Regulation (EU) No 2015/1017
Article 14 – paragraph 2 – point c
Article 14 – paragraph 2 – point c
(c) leveraging local knowledge, regional and national knowledge, collaborating closer with Member States authorities and focusing on building capacity in order to facilitate the use of EFSI support across the Union and contributing where possible to the objective of sectorial and geographical diversification of the EFSI referred to in Section 8 of Annex II by supporting the EIB to originate operations;;
Amendment 91 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b – point iii
Article 1 – paragraph 1 – point 9 – point b – point iii
Regulation (EU) No 2015/1017
Article 14 – paragraph 2 – point f
Article 14 – paragraph 2 – point f
(f) providing advice on the combinationplementarity of other sources of Union funding (such as the European Structural and Investment Funds, Horizon 2020 and the Connecting Europe Facility) with the EFSI.;
Amendment 92 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point d a (new)
Article 1 – paragraph 1 – point 9 – point d a (new)
Regulation (EU) 2015/1017
Article 14 – paragraph 9 a (new)
Article 14 – paragraph 9 a (new)
(da) the following paragraph 9a is inserted; "9a. In order to ensure that the EIAH can perform its activities and contribute to the objective of sectorial and geographical diversification of the EFSI, the EIB may submit to the Commission a justified request for an increase of the EIAH's budget."
Amendment 94 #
Proposal for a regulation
Article 1 – paragraph 1 – point 4 – point d
Article 1 – paragraph 1 – point 4 – point d
Regulation (EU) 2015/1017
Article 7 – paragraph 12
Article 7 – paragraph 12
12. Decisions approving the use of the EU guarantee shall be made public and accessible without delay, and include the rationale for the decision based on the projects scoreboard, with particular focus on compliance with the additionality criterion. The publication shall not contain commercially sensitive information. In reaching its decision, the Investment Committee shall be supported by the documentation provided by the EIB.;
Amendment 95 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point a a (new)
Article 1 – paragraph 1 – point 10 – point a a (new)
Regulation (EU) No 2015/1017
Article 18 – paragraph 7
Article 18 – paragraph 7
Amendment 97 #
Proposal for a regulation
Article 1 – paragraph 1 – point 10 – point b
Article 1 – paragraph 1 – point 10 – point b
Regulation (EU) No 2015/1017
Article 18 – paragraph 8
Article 18 – paragraph 8
(b) paragraphs 7 and 8 are 8 is deleted.;
Amendment 102 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11
Article 1 – paragraph 1 – point 11
Regulation (EU) 2015/1017
Article 19
Article 19
'The EIB and EIF shall inform orand shall oblige financial intermediaries to inform the final beneficiaries, including SMEs, of the existence of EFSI support. The EIB shall be obliged to publish on its website the amount of the EFSI funding for each separate project as well as the amount of the total investment expected under the project.';
Amendment 108 #
Proposal for a regulation
Annex – point 1 – point a
Annex – point 1 – point a
Regulation (EU) 2015/1017
Annex II – section 2 – point b – subparagraph 1 a
Annex II – section 2 – point b – subparagraph 1 a
'EFSI support to motorways shall be avoided, unless it is needed to support public or private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country.';
Amendment 120 #
Proposal for a regulation
Article 1 – paragraph 1 – point 9 – point b – point i
Article 1 – paragraph 1 – point 9 – point b – point i
Regulation (EU) 2015/1017
Article 14 – paragraph 2 – point c
Article 14 – paragraph 2 – point c
(c) leveraging local knowledge, collaborating closer with Member States authorities and focusing on building capacity, so as to facilitate EFSI support across the Union and contributing where possible to the objective of sectorial and geographical diversification of the EFSI referred to in Section 8 of Annex II by supporting the EIB to originate operations and increase collaboration with Member States;;
Amendment 135 #
Proposal for a regulation
Article 1 – paragraph 1 – point 11
Article 1 – paragraph 1 – point 11
The EIB and EIF shall inform orand shall oblige financial intermediaries to inform the final beneficiaries, including SMEs, of the existence of EFSI support. The EIB shall be obliged to publish on its website the amount of the EFSI funding for each separate project as well as the amount of the total investment expected under the project;
Amendment 143 #
Proposal for a regulation
Annex II – point 1 – point a
Annex II – point 1 – point a
Regulation (EU) No 2015/1017
Annex II – section 2 –point b
Annex II – section 2 –point b
EFSI support to motorways shall be avoided, unless it is needed to support public or private investment in transport in cohesion countries or in cross-border transport projects involving at least one cohesion country.;