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17107/12 FL/ne 1 DG E 2 A COU CIL OF THE EUROPEA U ... - Europa

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(a) that the projects of common interest according to Regulation (EU) No XXXX/20<strong>12</strong><br />

[TEN-T Guideli<strong>ne</strong>s] and Regulation (EU) No XXXX/20<strong>12</strong> [INFSO Guideli<strong>ne</strong>s], are<br />

likely to be realised fully or partly under the multiannual financial framework 2014-<br />

2020;<br />

(b) that the modifications comply with the eligibility criteria set out under Article 7 of this<br />

Regulation;<br />

(c) as regards Part I of the An<strong>ne</strong>x, that all sections include infrastructure projects whose<br />

realisation will <strong>ne</strong>cessitate their inclusion in a multi-annual work programme under<br />

Article 17(3) of this Regulation, without changing the alignment of the core <strong>ne</strong>twork<br />

corridors;<br />

(d) as regards Part III of the An<strong>ne</strong>x, that <strong>ne</strong>w priorities and areas of intervention meet the<br />

criteria of Article 3 and Article 4(c) of this Regulation. 54<br />

55 2. The Commission shall be empowered to adopt delegated acts in accordance with Article 25 to<br />

modify the main terms, conditions and procedures laid down in Part IV of the An<strong>ne</strong>x to this<br />

Regulation governing the Union Contribution to each financial instrument established under<br />

the Debt Framework or Equity Framework laid down in Part IV of the An<strong>ne</strong>x to this<br />

Regulation in accordance with the results of the interim report and the full independent<br />

evaluation of the pilot phase of the Europe 2020 Project Bond Initiative established under<br />

Regulation (EU) 670/20<strong>12</strong> of <strong>12</strong> July 20<strong>12</strong> amending the Decision No 1639/2006/EC and the<br />

Regulation (EC) No 680/2007 and in order to take into account changing market conditions<br />

with a view to optimising their design and implementation.<br />

54 Consistency between the Guideli<strong>ne</strong>s and the CEF to be assured. The inclusion of the reference<br />

to Part III of the An<strong>ne</strong>x to the CEF Regulation in Article 20 is closely linked to the issue of<br />

the functional link (see second footnote related to Article 7(4) paragraph 2), Part III of the<br />

An<strong>ne</strong>x (see footnote in Part III of the An<strong>ne</strong>x), and to the discussions on the INFSO guideli<strong>ne</strong>s.<br />

Therefore, it should be subject to further discussions in the Telecom Working Party.<br />

55 Once the content of Part IV of the An<strong>ne</strong>x is agreed, the Commission will present a <strong>ne</strong>w<br />

wording for Article 20(2) in order to lay down further criteria circumscribing its delegated<br />

powers.<br />

<strong>17107</strong>/<strong>12</strong> <strong>FL</strong>/<strong>ne</strong> 47<br />

ANNEX <strong>DG</strong> E 2 A E

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