Amendment 183: Clause 9,
page 7, line 17, at end insert—
“( ) No regulations may be made under this section until the
Chancellor of the Exchequer has published a statement setting out
a strategy for retaining membership of the European Investment
Fund.”
(LD):...I just
want to illustrate the importance of the bank to our economy with
some statistics. For example, in the field of transport, in 2016
over €2.5 billion was loaned to various projects in the UK. That
included loans to Merseyrail for Rolling Stock, to the Port of Dover and to
Aberdeen harbour, and over €1.75 billion for social housing. For
energy projects, €3 billion was loaned, and for education projects,
€0.75 billion. In my own country of Wales, in 2016 Swansea
University borrowed €71 million for a splendid and wonderful new
campus. It is so large that it is almost the size of a small town
and it is very highly regarded. Bangor University borrowed €10
million for a new campus. Here in London, Transport for London is,
in Britain, just about the biggest borrower from the EIB and has
relied on it very heavily. Since 2002, there have been loans to
London Underground for the Northern line extension, for
Crossrail Rolling Stock, for Stratford International
station, for the East London line and for the DLR Woolwich Arsenal
extension, and that is in addition to seven other Underground
schemes...
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