Activities of Jürgen CREUTZMANN related to 2011/0301(COD)
Shadow opinions (1)
OPINION on the proposal for a regulation of the European Parliament and of the Council amending Decision No 1639/2006/EC establishing a Competitiveness and Innovation Framework Programme (2007-2013) and Regulation (EC) No 680/2007 laying down general rules for the granting of Community financial aid in the field of the trans-European transport and energy networks
Amendments (7)
Amendment 27 #
Proposal for a regulation
Recital 14
Recital 14
(14) Therefore, a pilot phase for the Europe 2020 Project Bond Initiative should be launched during the current financial framework in order to develop debt capital market financing in the area of infrastructure more generally and to extend the range of financial instruments currently available for transport projects. The pilot phase should be followed by an evaluation carried out by the Commission in cooperation with the EIB. The Commission, after consultation of stakeholders involved in pilot phase projects, should report to the European Parliament and the Council by the end of 2013.
Amendment 30 #
Proposal for a regulation
Recital 15
Recital 15
(15) In order to implement the pilot phase of the Europe 2020 Project Bond Initiative, Decision No 1639/2006/EC and Regulation (EC) No 680/2007 should be amended. This pilot phase aims to support infrastructure projects of common European interest with commercial potential in the transport, energy and ICT sectors, while after 2013, subject to positive evaluation, the initiative may be extended to other sectors.
Amendment 33 #
Proposal for a regulation
Recital 16
Recital 16
(16) In light of the EIB's long-standing expertise and as the major financier of infrastructure projects and given its nature as the EU financial body established by the Treaty, the Commission should involve the EIB in the implementation of this pilot phase. The specific terms and conditions of the co-operation including risk-sharing and remuneration of the EIB, should be laid down in an agreement between the Commission and the EIB, which shall be submitted to the European Parliament and the Council.
Amendment 42 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point (b)
Article 1 – paragraph 1 – point 2 – point (b)
Decision No 1639/2006/EC
Article 31 – paragraph 2a
Article 31 – paragraph 2a
2a. takes the form of a loan or a guarantee granted by the EIB in favour of financing provided to projects of common European interest in the field of ICT and broadband;
Amendment 43 #
Proposal for a regulation
Article 1 – paragraph 1 – point 2 – point (b)
Article 1 – paragraph 1 – point 2 – point (b)
Decision No 1639/2006/EC
Article 31 – paragraph 2c
Article 31 – paragraph 2c
2c. 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, which shall be submitted to the European Parliament and the Council.
Amendment 45 #
Proposal for a regulation
Article 2 – paragraph 1 – point 3 – point (b)
Article 2 – paragraph 1 – point 3 – point (b)
Regulation (EC) No 680/2007
Article 6 – paragraph 1 point (g)
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, which shall be submitted to the European Parliament and the Council. 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.
Amendment 46 #
Proposal for a regulation
Article 2 a (new)
Article 2 a (new)
2a. The Commission in coordination with the EIB shall evaluate the pilot phase and, after consultation of stakeholders involved in pilot phase projects, shall report to the European Parliament and the Council no later than 31 December 2013.