NOUVELLES EUROPE N°264 28/1/2010 Comité Européen de Liaison sur les Services d'Intérêt GénéralEuropean Liaison Committee on Services of General Interest www.celsig.org
Financing infrastructuresOn December 3, 2009, six major European public financial institutions (European Investment Bank, Caisse des Dépôts, France, Cassa Depositi e Prestiti, Italy, KwF, Germany, Instituto de Credito, Spain, PKO Bank Poslki, Poland) launched a European fund for financing infrastructures with an intitial capital of 600 million euros and, have called on other institutions to join them.Entitled “Marguerite 2020 Fund” and destined for transport and energy, particularly trans-European transport and energy, and renewable energy, the fund has been launched following the European Council of December 2008, as part of economic relaunch plan in response to the financial and economic global crisis (see bulletin 247). It aims to raise 1.5 billion euros by 2011 and to allow the establishment of co-financed programmes by borrowing to the tune of 5 billion euros. The long-term investments will be made over a period of 20 years and funds should be invested within four years.