The EU is attempting to develop an instrument which despite the economic crisis in Europe can persuade private-sector institutional investors to finance infrastructure projects. The idea of such an EU Project Bond Initiative (PBI) was first proposed by European Commission President José Manuel Barroso in his speech on the State of the Union in September 2010. Following a series of further negotiations the pilot phase of the PBI was finally commenced in November 2012.Deutsche Bank has released a brief report explaining how the Project Bond Initiative works. Please, download by clicking  in the link below: