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Public-private partnerships for trans-European networks - Council conclusions

The Transport Council adopted conclusions on the establishment of public-private partnerships for the construction and operation of trans-European transport networks (TENs) at its meeting in Luxembourg on 9 October 1997.

The Council held discussions on the basis of a Commissi...
The Transport Council adopted conclusions on the establishment of public-private partnerships for the construction and operation of trans-European transport networks (TENs) at its meeting in Luxembourg on 9 October 1997.

The Council held discussions on the basis of a Commission communication which supported the idea of encouraging public-private partnerships in order to speed up the development of the trans-European transport networks. Given the high costs of the major infrastructure projects involved, particularly those among the 14 priority projects, the budgetary rigour prevailing in Member States has meant that the TENs are at a less advanced stage of development than envisaged. In order to advance these projects, which can have a strong impact on job creation in Europe, the Council calls for the value of public-private partnerships for these projects to be recognized.

The Council considers that, both by attracting additional finance and by bringing a wider range of skills, public-private partnerships could be an important tool for the realisation of several of the priority TENs projects. That said, the Council does not see such partnerships as replacing public funding for projects. The Council calls for the creation of an environment favourable to public-private partnerships, at both national and Community level, and underlines the need to establish partnerships from the start of projects.

Proposals from the Commission concerning the application of public procurement legislation to transport infrastructure projects and the application of competition legislation were noted by the Council in respect of creating a favourable environment. The Council also noted with interest the Commission's intention to examine the possibilities to create new financing instruments using the European Investment Bank and European Investment Fund, as well as developing existing ones.

Finally, the Council called on Member States to use all possible means to encourage the development of systems for public-private partnerships, where appropriate. The Council recognized the need for Member States to give strong support to the TENs projects, including public-private partnerships, in order for them to be successfully developed.

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Subjects

Policies - Transport
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