Regulation 2010/67 - General rules for the granting of Community financial aid in the field of trans-European networks (Codified version) - Main contents
Please note
This page contains a limited version of this dossier in the EU Monitor.
Contents
official title
Regulation (EC) No 67/2010 of the European Parliament and of the Council of 30 November 2009 laying down general rules for the granting of Community financial aid in the field of trans-European networks (Codified version)| Legal instrument | Regulation |
|---|---|
| Number legal act | Regulation 2010/67 |
| Original proposal | COM(2009)113  |
| CELEX number i | 32010R0067 |
| Document | 30-11-2009 |
|---|---|
| Publication in Official Journal | 30-01-2010; Special edition in Croatian: Chapter 13 Volume 036,OJ L 27, 30.1.2010 |
| Effect | 19-02-2010; Entry into force Date pub. +20 See Art 22 |
| End of validity | 31-12-2013; Repealed by 32013R1316 |
30.1.2010 |
EN |
Official Journal of the European Union |
L 27/20 |
REGULATION (EC) No 67/2010 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL
of 30 November 2009
laying down general rules for the granting of Community financial aid in the field of trans-European networks
(codified version)
THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in particular Article 156 thereof,
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Economic and Social Committee (1),
After consulting the Committee of the Regions,
Acting in accordance with the procedure laid down in Article 251 of the Treaty (2),
Whereas:
(1) |
Council Regulation (EC) No 2236/95 of 18 September 1995 laying down general rules for the granting of Community financial aid in the field of trans-European networks (3) has been substantially amended several times (4). In the interests of clarity and rationality the said Regulation should be codified. |
(2) |
Article 155 of the Treaty provides that the Community shall establish a series of guidelines covering the objectives, priorities and broad lines of measures envisaged in the sphere of trans-European networks and that it may support projects of common interest supported by Member States in the sphere of trans-European networks. Under that Article Community aid may be granted to projects of common interest which are identified in the framework of the guidelines. |
(3) |
General rules should be laid down for the Community financing of trans-European networks, thereby permitting implementation of Article 155. |
(4) |
Involvement of private capital funding trans-European networks should be increased and the partnership between the public and private sectors developed. |
(5) |
Community aid may take the form in particular of feasibility studies, loan guarantees or interest rate subsidies. These subsidies and guarantees relate in particular to financial support from the European Investment Bank or other public or private financial bodies. In certain duly justified cases direct grants to investments may be considered. |
(6) |
Loan guarantees should be granted on a commercial basis by the European Investment Fund or by other financial organisations. Community financial aid may cover all or part of the premiums paid by the beneficiaries of these guarantees. |
(7) |
Community aid is chiefly intended to overcome any financial obstacles which may arise during the start-up phase of a project. |
(8) |
It is necessary to set a limit for Community aid in relation to the total cost of investment. However, a higher rate of Community aid to promote completion of the cross-border connections for the priority projects should be provided. |
(9) |
The establishment of public-private partnerships (or of other forms of cooperation between the public and private sectors) demands a firm financial commitment from institutional investors which is sufficiently attractive to raise private capital. Granting Community financial aid on a multiannual basis would remove the uncertainties which are slowing down project development. Measures should therefore be taken to grant financial support to the projects selected on the basis of a multiannual legal commitment. |
(10) |
Community aid should be granted to projects on the basis of how much they contribute to the objectives of Article 154 of the Treaty and the other objectives and priorities covered by the guidelines referred to in Article 155 of the Treaty. Account should also be taken of other aspects such as the stimulative effect on public and private finance, the direct and indirect socio-economic effects of projects, in particular on... |
More
This text has been adopted from EUR-Lex.
This dossier is compiled each night drawing from aforementioned sources through automated processes. We have invested a great deal in optimising the programming underlying these processes. However, we cannot guarantee the sources we draw our information from nor the resulting dossier are without fault.
This page is also available in a full version containing the summary of legislation, the legal context, de Europese rechtsgrond, other dossiers related to the dossier at hand and finally the related cases of the European Court of Justice.
The full version is available for registered users of the EU Monitor by ANP and PDC Informatie Architectuur.
The EU Monitor enables its users to keep track of the European process of lawmaking, focusing on the relevant dossiers. It automatically signals developments in your chosen topics of interest. Apologies to unregistered users, we can no longer add new users.This service will discontinue in the near future.