23/03/2010 (Agence Europe) - Addressing the European Parliament transport committee on Tuesday 23 March, Jukka Luukkanen, who has responsibility for trans-European networks at the European Investment Bank (EIB), said that the Bank was planning to launch two major projects to facilitate funding of the Trans-European Transport Network (TEN-T). The first will see improved access to credit and capital market funding of infrastructure. Secondly, the EIB will extend the scope of the Loan Guarantee Instrument for trans-European transport network projects (LGTT). Improved coordination of the various funds available in the Community budget is another measure that would hasten the setting up of the network. Definite proposals will be put as part of the review of the policy on the network before the end of the year. Around €400 billion will be needed to complete the network. The EIB and the Commission are assuring 30% of this amount. (A.By./transl.rt)