Europe 2020 Project Bond Initiative. Consultation process
The European Commission (EC) launched in February a consultation process on the Europe 2020 Project Bond Initiative, which aims to boost the funding of projects with long-term revenue potential in line with the Europe 2020 policy. this consultation process has been supported by the European Commission President José Manuel Barroso who pledged in December 2010 he would "insist" on tabling plans to introduce EU project bonds to fund infrastructure in Europe.
"Infrastructure finance in Europe has suffered since the financial crisis, and banks face new constraints on long-term lending. Project bonds could be a way to attract capital from other investors, such as pension funds and insurance companies, and be a useful addition to traditional financing options.Europe 2020 Project Bond Initiative (according to the European Commission)