Environmental Investment Centre (EIC)

Rävala pst 8, TALLINNTel: 627 4171Fax: 627 4170

E-mail: info@kik.eehttp://www.kik.ee

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Who is EIC?

A foundation, legal body under private law Established by the Estonian Government, Ministry of

Finance on 11.05.2000 Registered on 02.06.2000

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Objective of the EIC:

Improved state of Environment Support for:

liquidation of environmental damage related to the utilisation of natural resources;

restoration of the state of the environment; assisting the natural renewal of renewable natural resources; researching the possibilities for additional supply of natural

resources and recovery of waste; monitoring the environment;

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Objective of the EIC (continued):

implementation of environmental measures reducing pollution;

organisation of environmental research and protection of natural objects;

activity targeted to liquidation of pollution centres causing environmental pollution or to restoration of former state of environment;

compensation of damage caused by species under protection.

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Task of the EIC:

to provide investments for international, national, regional and local programs and measures, which are in conformity with environmental strategy in the field of: environment protection; nature conservation; environmental and nature control;

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Task of the EIC (continued):

elaboration and procurement of non-waste technology, equipment and other technical means;

environmental and nature conservation training and educational work and in-service training and propaganda;

solving other environmental problems of national and regional importance.

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Structure of the EIC

Law yer

Personnel support

Assistant

IT support

P rogram m e Specia list

P rogram m e M anager

N ATIO N AL PR O G R AM M E U N IT

2 Pro ject C oordinators F inancia l M anager

ISPA C oord inator

ISPA U N IT

2 Accountants

M ain Accountant

AC C O U N TIN GU N IT

Internal Auditor Technical Supervisor

IN TER N AL AU D IT U N IT

D IR EC TO R

BO AR Dchairm an

C O U N C IL9 m em bers

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Personnel of the EIC

Director Assistant Programme Manager Programme Specialist ISPA Coordinator ISPA Project Coordinators (2 persons) ISPA Financial Manager Lawyer Technical Supervision Specialist Internal auditor Accountants (3 persons)

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EIC means:

the assets transferred to the Foundation upon establishment of the Foundation;

appropriations from state budget; allocations from rural municipalities and city budgets; special allocations of governments, legal and natural

persons of foreign countries and international organisations;

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EIC means (continued):

grants; repayment of loans granted by the Foundation and related

interest receipts; funds received in course of benefit events of the

Foundation; other receivables.

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Appropriations from State Budget (“Act on the Use of the Money Accruing from Exploitation of Environment” § 2, OJ I 1999, 54, 583, passed on 16 June 1999):

100% pollution charges; 50% packaging excise duties; 100% fee for mining rights at the deposits situated in

trans-boundary water bodies and in economic zone; 30% fee for mining rights at the deposits of national

importance; 100% fee for special use of water of trans-boundary

water bodies; 50% fee for special use of water of the water bodies (except

trans-boundary water bodies) and of groundwater layers;

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Appropriations from State Budget (“Act on the Use of the Money Accruing from Exploitation of Environment” § 2, OJ I 1999, 54, 583, passed on 16 June 1999) (continued):

80% hunting fees; 100% price for the right of hunting for game; 100% fee for the right of fishing; 3,9% fee for the felling right of standing crop sold from the

state forest for performing regeneration cutting; 3,9% income from selling the timber produced by a manager of

state forest by way of regeneration cutting; 100% compensation for environmental damage

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Selection of projects for the programme

1. Application for financing Applicant (e.g. municipality, private company, Ministry of

Environment) shall fill in the application form established by EIC Applications related to nation-wide and regional projects shall be

submitted directly to EIC Applications related to local projects to be carried out in a certain

county shall be submitted to the environmental board of the county, where a list of local projects shall be completed, prioritised and then forwarded to EIC

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Selection of projects for the programme(continued)

2. Appraisal of project proposals For reviewing the project proposals, the EIC forms a working group

(expert group) for each environmental program Project proposals are reviewed once a year during the second half of

the year After evaluation, projects considered as the most important on the

basis of the evaluation criteria shall be included to the program The Director of EIC presents programmes prepared by working

groups for approval to the Board of EIC The Board of EIC makes a decision on the financing of a programme

or returns the programme to the Director of EIC for making amendments. 

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Financing procedure

The Financing procedure (following the reimbursement principle): EIC notifies the Applicant that his/her project was approved and

included to the programme EIC sends financing agreement (contract) to the Client Client returns fulfilled and signed contract to EIC, along with

the required appendixes (project description, budget, copy of the contract between the client and employee, procurement summary)

EIC signs the contract and makes advance payment (30%, 50% or >50%) to the Client

The Client sends his invoices, progress reports and funding orders bearing the required signatures to the EIC

EIC makes payments only for works completed

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Funding of programmesin 2001

Name of the programme Volume (EUR) Volume (EEK)

Earth crust 517 850 8 078 500

Environmental awareness 940 576 14 673 000

Water protection 5 484 057 85 551 285

Air pollution protection 478 544 7 465 288

Technology 199 936 3 119 000

Waste Management 3 308 387 51 610 831

Nature protection 962 692 15 017 990

Forestry 1 335 577 20 835 000

Hunting 154 808 2 415 000

Fishery 1 230 358 19 193 589

County 480 769 7 500 000

LIFE 316 010 4 929 750

TOTAL 15 409 564 240 389 233