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The project bond scheme - designed for infrastructure - will be temporary for now (Photo: cosmo flash)

Infrastructure scheme set for go-ahead before EU summit

A pilot phase for European infrastructure projects - part of plans to kickstart growth in Europe - is expected to be agreed ahead of a mid-week meeting of EU leaders in Brussels where jobs and the economy take top billing.

The Danish EU presidency is to agree a deal with the European Parliament on Tuesday (22 May) on the introduction of so-called project bonds from 2012 to 2014.

The temporary scheme would use €230 million of unspent EU money, plus money from the private sector and...

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The project bond scheme - designed for infrastructure - will be temporary for now (Photo: cosmo flash)

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