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

PART IV: TERMS, CONDITIONS AND PROCEDURES OF FINANCIAL INSTRUMENTS 61
Objective and rationale 62
The objective of the financial instruments under the Connecting Europe Facility is to facilitate
infrastructure projects' access to project and corporate financing by using Union funding as
leverageing.
The financial instruments shall help finance economically sustainable priority projects of common
interest with a clear EU added value, and to facilitate greater private sector involvement in the
long-term financing of such economically sustainable projects in the field of transport, energy and
telecommunications, including broadband networks.
The financial instruments shall benefit projects with medium- to long-term financing needs and
shall produce greater benefits in terms of market impact, administrative efficiency and resource
utilisation.
They shall provide to infrastructure stakeholders such as financiers, public authorities, infrastructure
managers, construction companies and operators a coherent market oriented toolbox of EU financial
support.
The financial instruments shall consist of
a) an instrument for loans and guarantees facilitated by risk sharing instruments, including
credit enhancement mechanisms to project bonds] ('Debt Instrument') and
b) an instrument for equity ('Equity Instrument'),
which shall help overcome market constraints by improving the financing and/or risk profiles of the
infrastructure investments. This, in turn, shall enhance the access of firms and other beneficiaries to
loans, guarantees, equity and other forms of private financing.
61 FR: scrutiny reservation.
62 This introductory part could be moved in the recital section.
17107/12 FL/ne 78
ANNEX TO ANNEX DG E 2 A E