Innovation and Networks Executive Agency

EU-EIB Project Bond initiative launched

INEA ceased operations on 31 March 2021. The European Climate, Infrastructure and Environment Executive Agency (CINEA) was established on 1 April 2021 to take over its legacy portfolio as well as additional EU funding programmes.

Creation date: November 9, 2012

The Europe 2020 Project Bond Initiative, which aims to improve capital market financing of infrastructure, passed its final approval stage this past Wednesday 7 November with the signature of a Cooperation Agreement between the European Commission and European Investment Bank.

 

The Project Bond Initiative is designed to stimulate capital market financing for infrastructure delivered under "project finance" structures, including Public Private Partnerships (PPPs).

During the pilot phase, €230 million from the EU budget and will focus on encouraging capital market contributions worth more than €4 billion for infrastructure investment in the transport, energy and communications sectors.

 

€200 million out of the total EU contribution will be managed by the TEN-T Executive Agency, which has a specific Financial Engineering department dealing with innovative financing instruments for infrastructure projects.

 

You can find more information about this new milestone in the official EIB press release.