EC Launches Pilot Phase of Project Bond Initiative

Yesterday (10 July) the Council adopted a regulation launching the 2012-2013 pilot phase of the EU project bonds initiative aimed at mobilising up to €4.5 billion in private sector financing for key strategic infrastructure projects.

Adoption of the regulation follows an agreement reached with the European Parliament on 22 May and the Council accepted all amendments voted by the Parliament at first reading.

The full text of the Regulation is here:

http://tinyurl.com/c8yncw9

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