[ParlTrack]

Plenary speeches (2)

2016/11/22
Dossiers: 2011/0301(COD)

Reports (1)

2016/11/22
Committee: BUDG
Dossiers: 2011/0301(COD)
Documents: PDF(387 KB) DOC(544 KB)

Amendments (4)

Göran FÄRM

Proposal for a regulation
Article 1 – point -1 (new)

Decision No 1639/2006/EC
Article 8 – paragraph 5 a (new)

-1. In Article 8, the following paragraph is added: "5a. The Commission shall undertake a full-scale independent evaluation of the pilot phase of the risk-sharing instrument for project bonds referred to in paragraphs 2a to 2da of Article 31, which shall cover, inter alia, its added value, including the impact on the financial viability of the project, additionality compared to other Union or Member State instruments and any other long-term debt financing, and the multiplier effect achieved, and shall include general observations on market developments including the creation or correction of distortive effects, if any. Furthermore, the Commission shall in that evaluation make an assessment of future steps to be taken in order to enhance the efficiency of Union spending as well as to increase investment volumes towards priority projects. That assessment shall examine, inter alia, how to make the project bond instrument even more attractive to a wider range of long-term investors, including public ones. In that perspective, it shall examine how to widen the scope (in terms of sectors and size) of projects eligible and to develop standardised and more liquid project bonds. It shall also examine how to maximise the enhancement mechanism through the possible emission of bonds on the basis of portfolios of projects. The option of issuing European public bonds guaranteed by the Union budget and the possible development of equity instruments to finance Union infrastructure shall also be examined."

2012/04/03
Committee: BUDG

Göran FÄRM

Proposal for a regulation
Article 1 – point 2 – point b

Decision No 1639/2006/EC
Article 31 – paragraph 2 d b (new)

2db. In addition and in parallel with the pilot phase, the Commission shall launch a broad market study on how to promote a proper Union single project – debt market, examining the need and feasibility of project bonds not only for TEN and ICT projects, but also for other areas supporting the Europe 2020 strategy. This market study shall also include an assessment on how to better include smaller and medium-sized projects into the facility.

2012/04/03
Committee: BUDG

Göran FÄRM

Proposal for a regulation
Article 2 – point 3 – point b

Regulation (EC) No 680/2007
Article 6 – paragraph 1 – point g

(g) a financial contribution to the EIB to the provisioning and capital allocation for loans or guarantees to be issued by the EIB on its own resources under the risk-sharing instrument for project bonds in the field of TEN-T and TEN-E. The Union exposure to the risk sharing instrument, including management fees and other eligible costs, shall be strictly limited to the amount of the Union contribution to the risk-sharing instrument for project bonds and there shall be no further liability on the general budget of the Union. The residual risk inherent in all operations shall be borne by the EIB. The detailed terms and conditions for implementing the risk-sharing instrument for project bonds, including its monitoring and control, shall be laid down in a delegation agreement between the Commission and the EIB. In 2012 and 2013, an amount of up to EUR 210 million, of which up to EUR 200 million for transport projects and up to EUR 10 million for energy projects, may be redeployed for the risk-sharing instrument for project bonds in accordance with the procedure referred to in Article 15(2) from the TEN-T (LGTT) and TEN-E budget lines, respectively. The risk-sharing instrument for project bonds may reuse any revenues received within the investment period for new loans and guarantees. In addition and in parallel with the pilot phase, the Commission shall launch a broad market study on how to promote a proper Union single project – debt market, examining the need and feasibility of project bonds not only for TEN and ICT projects, but also for other areas supporting the Europe 2020 strategy. This market study shall also include an assessment on how to better include smaller and medium-sized projects into the facility.

2012/04/03
Committee: BUDG

Göran FÄRM

Proposal for a regulation
Article 2 – point 3 a (new)

Regulation (EC) No 680/2007
Article 16 – paragraph 2 a (new)

(3a) In Article 16, the following paragraph is added: "2a. The Commission shall undertake a full-scale independent evaluation of the pilot phase of the risk-sharing instrument for project bonds referred to in point (g) of Article 6(1), which shall cover, inter alia, its added value, including the impact on the financial viability of the project, additionality compared to other Union or Member State instruments and any other long-term debt financing, and the multiplier effect achieved, and shall include general observations on market developments including the creation or correction of distortive effects, if any. Furthermore, the Commission shall in that evaluation make an assessment of future steps to be taken in order to enhance the efficiency of Union spending as well as to increase investment volumes towards priority projects. That assessment shall examine, inter alia, how to make the project bond instrument even more attractive to a wider range of long-term investors, including public ones. In that perspective, it shall examine how to widen the scope (in terms of sectors and size) of projects eligible and to develop standardised and more liquid project bonds. It shall also examine how to maximise the enhancement mechanism through the possible emission of bonds on the basis of portfolios of projects. The option of issuing European public bonds guaranteed by the Union budget and the possible development of equity instruments to finance Union infrastructure shall also be examined."

2012/04/03
Committee: BUDG

Activities of Göran FÄRM related to 2011/0301(COD)

Plenary speeches (2)

Reports (1)

Amendments (4)

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