8 Amendments of Kosma ZŁOTOWSKI related to 2016/0276(COD)
Amendment 37 #
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 job creation – including for the youth –, growth and competitiveness 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. More emphasis should be also placed on targeting transport projects, especially in rail and inland waterways, given their EU added value. 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 45 #
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, European Structural and Investment Funds 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. Coherence and synergies between all EU forms of support should be ensured.
Amendment 46 #
Proposal for a regulation
Recital 10 a (new)
Recital 10 a (new)
(10a) EFSI should seek to contribute to strengthening the Union's economic, social and territorial cohesion by means of geographical diversification. Currently, EFSI's aggregated portfolio of investments is highly concentrated (92%) in the EU-15 and under-serves (8%) the EU-13, while considerable sectoral concentration benefits particular states. Such a situation if continued will deepen development gaps and market fragmentation between different parts of the EU, undermining the aims of EU Regional Policy.
Amendment 58 #
Proposal for a regulation
Recital 16 a (new)
Recital 16 a (new)
(16a) EFSI has been effective in increasing the volume of EIB special activities in favour of SMEs, but has not been successful in boosting the volume of transport projects to a sufficient extent. Give, the high EU added value of transport projects and huge investments needs, especially prevalent in less- developed states, it is therefore necessary to adopt further measures to better address the difficulties faced by Member States and project promoters in proposing infrastructure projects.
Amendment 59 #
Proposal for a regulation
Recital 16 b (new)
Recital 16 b (new)
(16b) Transport projects tend to be difficult to finance, because of lower return rates, long-term horizon of investments and higher levels of risk. In order to reduce the present sectorial imbalance of projects being financed by the EFSI and to tackle the problem of sub-optimal investments in transport infrastructure in the EU, the EIAH, together with the Commission, should establish specific arrangements that would facilitate the blending of the EFSI with grants or other public financing available from the Union or national budgets in a simplified and less- bureaucratic manner.
Amendment 64 #
Proposal for a regulation
Recital 21
Recital 21
(21) The European Investment Advisory Hub (EIAH) should be enhanced and its activities should focus on needs, sectors and regions not covered adequately under current arrangements. It should pay particular attention to supporting the preparation of projects involving two or more Member States and projects that contribute to achieving the objectives of COP21, as well as projects in sustainable transport. Notwithstanding its objective to build upon existing advisory services of the EIB and the Commission, so to act as a single technical advisory hub for project financing within the Union, the EIAH should also contribute actively to the objective of sectorial and geographical diversification of the EFSI and support the EIB where needed in originating projects. It should also actively contribute to the establishment of investment platforms and provide advice on the combinationblending of other sources of Union funding with the EFSI(such as the European Structural and Investment Funds, Horizon 2020 and the Connecting Europe Facility) with the EFSI in order to achieve synergies between the different sources of EU support.
Amendment 87 #
Proposal for a regulation
Article 1 – paragraph 1 – point 5 – point b
Article 1 – paragraph 1 – point 5 – point b
Regulation (EU) 2015/1017
Article 9 – paragraph 2 – subparagraph 1 a
Article 9 – paragraph 2 – subparagraph 1 a
'The EIB shall target that at least 40 % of EFSI financing under the infrastructure and innovation window supports projects with components that contribute to climate action, in line with the COP21 commitments. In particular, the EIB shall target that at least 20% of the EFSI financing supports projects related to development of transport infrastructures, and equipment and innovative technologies for transport, falling under point (c). Moreover, the EIB shall strive to achieve a fair geographical distribution of investments between Member States. The Steering Board shall provide detailed guidance to that end.;'
Amendment 96 #
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 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;';