European Parliament to vote through €230m in Project Bonds on 5 July

MEPs are set to endorse an EU allocation of €230 million in guarantees to back the private issuance of project bonds for infrastructure projects in a vote on Thursday 5 July. Speakers in the debate on Wednesday 4 July will include Commissioner Olli Rehn and European Investment Bank President Werner Hoyer.

€200 million is to be set aside to guarantee investments in transport networks, €20 million for information and communication technology (ICT) networks and €10 million for energy networks.

The scheme will be managed by the European Investment Bank (EIB) and the vote is expected to endorse the deal struck by MEPs and EU governments in Strasbourg in June.

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