Press conference by José Manuel Barroso on Connecting Europe Facility and Project bonds
José Manuel Barroso, President of the EC, gave a press conference on Connecting Europe Facility and Project bonds. The EC adopted plan for €50 billion boost to Europe's transport, energy and digital networks. Targeted investments in key infrastructures would help to create jobs and boost Europe's competitiveness at a time when Europe needed this most.
The President stated that the Connecting Europe Facility and the Project Bond Initiative were a perfect demonstration of the value added that Europe could provide. These proposals would help to build the roads, railways, energy grids and pipelines, and broadband networks that were so important to the citizens and businesses. The missing links in Europe's infrastructure networks that otherwise would not be built were closing. This investment would generate growth and jobs and at the same time make work and travel easier for millions of European citizens and businesses.
"Connecting Europe Facility" would also make Europe's economy greener by promoting cleaner transport modes, high speed broadband connections and facilitating the use of renewable energy in line with the Europe 2020 Strategy.