The European Economic and Social Committee asks for public and private financing for infrastructure projects
The opinion adopted by the European Economic and Social Committee on the Connecting Europe Facility put forward the idea of creating an energy super-network underpinned by decentralised smart networks with regard to fill the missing links in European energy, telecom and transport infrastructure.
The European Economic and Social Committee (EESC) adopted its opinion on the Connecting Europe Facility, the European Commission's initiative proposed in October 2011 to fund €50 billion worth of investment to improve Europe's energy, digital and transport networks. According to this opinion, the current energy infrastructure must be modernised and expanded to meet demand growth in the future. One of the possible solutions to achieve this goal is leveraging public and private financing by giving infrastructure projects greater credibility and by lowering risk.
In addition,This means building up an EU-wide the opinion also proposes the idea of creating an energy super-network underpinned by decentralised smart networks. high-voltage grid for electricity and a high-pressure network for gas, cross-border interconnectors and better storage facilities. The EESC stressed that it is needed a plan like this super-network in Europe for doing away with bottlenecks, stabilising energy flows and boosting the security of supply.
On the other hand, the EESC also adopted an opinion on digital networks, which praised the Commission for earmarking some of the funds available under the Connecting Europe Facility to develop broadband, but asked it to focus on projects that boost cross-border interconnectivity and technical interoperability. However, the Committee was also perplexed by the Commission's self-granted power to modify projects selected for funding, as it risked exposing the European Commission to unnecessary pressures, according to the Committee.