30. Stresses the promising role of new financial engineering instruments based on the principles of ‘projects for money’ and ‘money for projects’ put in place during the current programming period; stresses the need to create scalable financial engineering instruments that can be viable and feasible for much smaller urban areas; calls on the Commission to evaluate the experience with these tools and adapt them where necessary in order to improve their competitive position on the financial market in comparison with common commercial products with a view to making them more user-friendly, practical, attractive and, hence, effective; bel ...[+++]ieves that the interest rates of EIB financial tools should be made lower in comparison with commercial loans to this end; calls on the Member States, in view of the positive results obtained from the use of existing financial engineering instruments, to ensure at all times that the most effective use is made of the potential benefits of these financial instruments;

30. Stresses the promising role of new financial engineering instruments based on the principles of ‘projects for money’ and ‘money for projects’ put in place during the current programming period; stresses the need to create scalable financial engineering instruments that can be viable and feasible for much smaller urban areas; calls on the Commission to evaluate the experience with these tools and adapt them where necessary in order to improve their competitive position on the financial market in comparison with common commercial products with a view to making them more user-friendly, practical, attractive and, hence, effective; bel ...[+++]ieves that the interest rates of EIB financial tools should be made lower in comparison with commercial loans to this end; calls on the Member States, in view of the positive results obtained from the use of existing financial engineering instruments, to ensure at all times that the most effective use is made of the potential benefits of these financial instruments;

To this end: The Commission will propose to increase its pre-financing of programmes to make up to € 4.5 bn available earlier in 2009; Member States should use the available flexibility to frontload the financing of projects by enhancing the part financed by the Community; The Commission will propose a number of other measures designed to bring forward the implementation of major investment projects, to facilitate the use of financial engineering funds, to simplify the treatment of advances paid to the beneficiaries and to widen the possibilities for eligible expenditure on a flat rate basis for all the funds.

(e)engineering services(all Member States, except RO: CPC 8672. RO: only advisory and consultative engineering services (CPC 86721) and engineering design services for mechanical and electrical installations for buildings (CPC 86723)) | (1)CY, EL, IT, MT, PT: unboundBG: none, except for the conditions specified in (4) below (2)BG: none, except for the conditions specified in (4) below (3)BG: foreign persons are to provide the services only in partnership with, or as subcontractors of, local service suppliers where the project is of national or regional significance.This does not apply to projects which have been put up for international ...[+++]auction won by foreign service suppliers.Accreditation requirement: the main scope of the foreign person’s activity to be the relevant services; experience in the field of construction; projects performed during the last two years; staff and technical capacity; bank references from a first rank foreign bank.

(f)integrated engineering services(CPC 8673) | (1)CY, EL, IT, MT, PT, RO: unboundBG: none, except for the conditions specified in (4) below (2)BG: none, except for the conditions specified in (4) below.RO: unbound(3)BG: foreign persons are to provide the services only in partnership with, or as subcontractors of, local service suppliers where the project is of national or regional significance.This does not apply to projects which have been put up for international auction won by foreign service suppliers.Accreditation requirement: the main scope of the foreign person's activity to be the relevant services; experience in the field of co ...[+++]nstruction; projects performed during the last two years; staff and technical capacity; bank references from a first rank foreign bank.

4. The Commission may, if it considers it appropriate for the appraisal of major projects, request the EIB to examine the technical quality and economic and financial viability of the projects concerned, in particular as regards the financial engineering instruments to be implemented or developed.