Get Outlook for Infrastructure 2011: getting Europe back on track

The report focuses pretty much on how the infrastructure financing in changing from bank debt to the capital markets and other sources of financing. Within this change, it analyzes the 2020 Project Bond Initiative.

The principal idea behind the Europe 2020 Project Bond Initiative is to provide EU support to project companies issuing bonds to finance large-scale infrastructure projects. The Initiative aims to attract additional private sector financing of individual infrastructure projects by improving the rating of the senior debt of project companies, thereby ensuring that this can be placed as bonds with institutional investors. The Commission's key role will be risk-sharing with the EIB (or other financing partners), enabling them to provide the described credit enhancement. No bond issuance will be required by Member States' governments, the EU or the EIB for this purpose.

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