Deal for Europe’s project bonds
It is hoped the bond initiative, which covers 2012-13, will attract investment form the private sector of up to 20 times the amount being invested by the EU, meaning the bonds could be worth €4.5bn over the year.
The money is set aside from the EU’s existing infrastructure budget, and represents a pilot phase. Projects able to access the funding will be in the transport, energy and communications sectors.
Plans for the €230m bonds were announced in October last year, with a number of projects identified for investment in April.