Signature of a Cooperation Agreement between the EIB and the EC establishing a Loan Guarantee Instrument for trans-European transport network projects
Jacques Barrot, Vice-President of the EC in charge of Transport, Joaquín Almunia, Member of the EC in charge of Economic and Monetary Affairs, and Philippe Maystadt, President of the European Investment Bank (EIB), signed a cooperation agreement between the Commission and the EIB establishing the Loan Guarantee Instrument for trans-European transport network projects (TENs. This new instrument will facilitate greater participation of the private sector in the financing of transport infrastructure of European significance, especially for investments in TENs projects where there is a high level of revenue risk in the early operational period of a project.
Handshake between Philippe Maystadt, on the left, and Jacques Barrot, ... Ref:P-013422
Philippe Maystadt, Jacques Barrot and Joaquín Almunia (from left to ... Ref:P-013422
Philippe Maystadt, on the left, and Jacques Barrot Ref:P-013422