# C_2018369EN.01017401.xml

| 11.10.2018 | EN | Official Journal of the European Union | C 369/174 |
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11.10.2018

EN

Official Journal of the European Union

C 369/174

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P8_TA(2017)0478

Extension of the duration of the European Fund for Strategic Investments ***I

European Parliament legislative resolution of 12 December 2017 on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub (COM(2016)0597 — C8-0375/2016 — 2016/0276(COD))

(Ordinary legislative procedure: first reading)

(2018/C 369/23)

The European Parliament,

| — | having regard to the Commission proposal to Parliament and the Council (COM(2016)0597), |
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having regard to the Commission proposal to Parliament and the Council (COM(2016)0597),

| — | having regard to Article 294(2) and Articles 172 and 173, the third paragraph of Article 175 and Article 182(1) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C8-0375/2016), |
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having regard to Article 294(2) and Articles 172 and 173, the third paragraph of Article 175 and Article 182(1) of the Treaty on the Functioning of the European Union, pursuant to which the Commission submitted the proposal to Parliament (C8-0375/2016),

| — | having regard to Article 294(3) of the Treaty on the Functioning of the European Union, |
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having regard to Article 294(3) of the Treaty on the Functioning of the European Union,

| — | having regard to the opinion of the European Economic and Social Committee of 15 December 2016 (1), |
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having regard to the opinion of the European Economic and Social Committee of 15 December 2016 (1),

| — | having regard to the opinion of the Committee of the Regions of 7 December 2016 (2), |
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having regard to the opinion of the Committee of the Regions of 7 December 2016 (2),

| — | having regard to the provisional agreement approved by the committees responsible under Rule 69f(4) of its Rules of Procedure and the undertaking given by the Council representative by letter of 8 November 2017 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union, |
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having regard to the provisional agreement approved by the committees responsible under Rule 69f(4) of its Rules of Procedure and the undertaking given by the Council representative by letter of 8 November 2017 to approve Parliament’s position, in accordance with Article 294(4) of the Treaty on the Functioning of the European Union,

| — | having regard to Rule 59 of its Rules of Procedure, |
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having regard to Rule 59 of its Rules of Procedure,

| — | having regard to the joint deliberations of the Committee on Budgets and the Committee on Economic and Monetary Affairs under Rule 55 of the Rules of Procedure, |
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having regard to the joint deliberations of the Committee on Budgets and the Committee on Economic and Monetary Affairs under Rule 55 of the Rules of Procedure,

| — | having regard to the report of the Committee on Budgets and the Committee on Economic and Monetary Affairs and the opinions of the Committee on Industry, Research and Energy, the Committee on Transport and Tourism, the Committee on Budgetary Control, the Committee on Employment and Social Affairs and the Committee on Regional Development (A8-0198/2017), |
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having regard to the report of the Committee on Budgets and the Committee on Economic and Monetary Affairs and the opinions of the Committee on Industry, Research and Energy, the Committee on Transport and Tourism, the Committee on Budgetary Control, the Committee on Employment and Social Affairs and the Committee on Regional Development (A8-0198/2017),

| 1. | Adopts its position at first reading hereinafter set out; |
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1.

| 2. | Takes note of the Commission statement annexed to this resolution; |
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2.

| 3. | Calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal; |
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3.

| 4. | Instructs its President to forward its position to the Council, the Commission and the national parliaments. |
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4.

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(1)  OJ C 75, 10.3.2017, p. 57.

(2)  OJ C 185, 9.6.2017, p. 62.

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P8_TC1-COD(2016)0276

Position of the European Parliament adopted at first reading on 12 December 2017 with a view to the adoption of Regulation (EU) 2017/... of the European Parliament and of the Council amending Regulations (EU) No 1316/2013 and (EU) 2015/1017 as regards the extension of the duration of the European Fund for Strategic Investments as well as the introduction of technical enhancements for that Fund and the European Investment Advisory Hub

(As an agreement was reached between Parliament and Council, Parliament's position corresponds to the final legislative act, Regulation (EU) 2017/2396.)

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ANNEX TO THE LEGISLATIVE RESOLUTION

Statement by the Commission on the EUR 225 million increase of the Connecting Europe Facility programme

As a result of the political agreement between the European Parliament and the Council on the financing of EFSI 2.0 an amount of EUR 275 million will be redeployed from CEF financial instruments, which represents a reduction of EUR 225 million in comparison with the Commission proposal.

The Commission confirms that the financial programming will be revised to reflect the corresponding EUR 225 million increase of the CEF programme.

In the framework of the annual budgetary procedures for the years 2019-2020 the Commission will make the appropriate proposals to ensure an optimal allocation of this amount within the CEF programme.

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