Obligacje projektowe jako innowacyjny instrument finansowania strategicznych projektów w ramach UE

In the context of financing strategic projects speaks about the creation of project bonds. The instrument of project bonds provides an opportunity to increase private sector participation in the financing of strategic projects of the European Union, which is especially important in conditions of limited public resources as a result of the financial crisis. This initiative is directed to projects with relatively high investment risk, under which the EIB and the European Commission will be subordinated creditors, which means that the public debt will be satisfied for the debt senior. This article provides a general overview of the concept of project bonds, describe the idea of project bonds within the framework of EU policies and the functionalities of this innovative financial instrument, including its rating aspects, assesses the factors that can facilitate success of this concept as well as challenges that need to be addressed.