Translation of "comité d'examen des besoins d'infrastructure " (French → English) :

Infrastructure Requirements Review Board

Infrastructure Review Board

Energy Infrastructure Loans for Resource Development Application Review Committee

19. Considers that Galileo and EGNOS, as European programmes owned by the EU which address a public interest at EU level, should mainly be financed through the EU budget; believes that – alongside the contribution from the EU budget – all possible sources of financing should be investigated, including innovative forms of financing; emphasises that ad hoc, emergency budgetary solutions such as those seen in the past are likely to jeopardise the success and added value of such strategic, large-scale EU projects and undermine the political momentum around them; believes, therefore, that a sound, global and long-term financing solution should be found; suggests that a predetermined annual amount should be provided from the EU budget (for th ...[+++]e financing of the remaining Galileo infrastructure as well as the operating costs); points out that the estimated figures included in the mid-term review for the period after 2013 are indicative, and calls on the Commission to present a detailed breakdown of the estimated financial needs by summer 2011, in order to increase the accountability, predictability and transparency of the project;

19. Considers that Galileo and EGNOS, as European programmes owned by the EU which address a public interest at EU level, should mainly be financed through the EU budget; believes that – alongside the contribution from the EU budget – all possible sources of financing should be investigated, including innovative forms of financing; emphasises that ad hoc, emergency budgetary solutions such as those seen in the past are likely to jeopardise the success and added value of such strategic, large-scale EU projects and undermine the political momentum around them; believes, therefore, that a sound, global and long-term financing solution should be found; suggests that a predetermined annual amount should be provided from the EU budget (for th ...[+++]e financing of the remaining Galileo infrastructure as well as the operating costs); points out that the estimated figures included in the mid-term review for the period after 2013 are indicative, and calls on the Commission to present a detailed breakdown of the estimated financial needs by summer 2011, in order to increase the accountability, predictability and transparency of the project;

The decision of the authorities to grant permission for foreign participation is based on an economic needs test, for which the following criteria are used in general: (a)provision of services which are new to Cyprus; (b)promotion of the export orientation of the economy with development of existing and new markets; (c)transfer of modern technology, know-how and new management techniques; (d)improvement either of the productive structure of the economy or of the quality of existing products and services; (e)complementary impact on exi ...[+++]sting units or activities; (f)viability of proposed project; (g)creation of new job opportunities for scientists, qualitative improvement and training of local staff.In exceptional cases, in which a proposed investment satisfies most of the economic needs test criteria to a large extent, permission for foreign participation exceeding 49 per cent may be granted.

The decision of the authorities to grant permission for foreign participation is based on an economic needs test, for which the following criteria are used in general: (a)provision of services which are new to Cyprus; b)promotion of the export orientation of the economy with development of existing and new markets; (c)transfer of modern technology, know how and new management techniques; (d)improvement either of the productive structure of the economy or of the quality of existing products and services; (e)complementary impact on exis ...[+++]ting units or activities; (f)viability of proposed project; (g)creation of new job opportunities for scientists, qualitative improvement and training of local staff.