The Connecting Europe Facility - stari.promet-eufondovi.hr...Transport The CEF "Cohesion envelope"...
Transcript of The Connecting Europe Facility - stari.promet-eufondovi.hr...Transport The CEF "Cohesion envelope"...
Transport
The Connecting Europe Facility
- Transport Sector -
Lia Potec
Connecting Europe – Infrastructure Investment Strategies
DG MOVE, European Commission
2 June 2016, Split
Transport
An overview
Regulation (EU) 1316/2013
Budget: €24.02bn (2014-2020)
• Including €11.3 bn transferred from the Cohesion Fund
Grants Priorities (Communication of 7/1/2014):
• TEN-T Corridors and core network:
cross-border, missing links, bottlenecks
pre-identified projects
• Horizontal priorities:
interoperability, innovation, ERTMS…
• Sustainable modes of transport
• Innovative financial instruments (10% of total budget)
Transport
• 80 – 85 % of available budget (~€20.5bn) for pre-identified projects listed in Annex I to the CEF Regulation
• 9 core network corridors and important cross-border sections, bottlenecks and missing links
• Horizontal priorities
• 15 – 20 % (~€3.5bn) for
• Other projects on the core network
• Projects on the comprehensive network (max 5%)
• Financial instruments (10%)
Budget allocation
Transport
CEF Annex I : pre-identified projects in Croatia
Mediterranean Corridor
Rhine-Danube Corridor
Other Core Network Section
Rijeka – Zagreb – Budapest Rail
Studies and works (including construction of new track and second track between Rijeka and HU border )
Rijeka Port
Infrastructure upgrading and development, development of multimodal platforms and Interconnections
Ljubljana – Zagreb Rail Studies and works
Slavonski Brod Port
Studies and works
Danube (Kehlheim - Constanța/Midia/Sulina)
IWW
Studies and works on several sections and bottlenecks; inland waterway ports: multimodal interconnections
Sava IWW Studies and works on several sections and bottlenecks (including cross-border bridge)
Dubrovnik – HR/ME border
Cross-Border Road Works
Zagreb – SR border Bottleneck Rail
Studies and works
Transport
The CEF "Cohesion envelope"
• €11.3 bn transferred from the Cohesion Fund to the CEF
• Exclusively for transport projects in Member States eligible for the Cohesion Fund on the core network
• Binding national allocations between 2014 – 2016 (exclusively grants)
– Croatia allocation: €456 million
• CF co-funding rates (up to 85%)
• Technical assistance for capacity building
• Programme Support Actions (direct grants to MS authorities, JASPERS)
Transport
Complementarity CEF – ESI Funds
CEF ESI Funds
• High EU added-value, focus on TEN-T Corridors and other sections of the core network (as pre-identified in Annex I of the CEF Regulation)
• More sustainable modes of transport: rail, IWW
• High EU added-value projects to remove bottlenecks in transport networks, by supporting TEN-T infrastructure on both the core and comprehensive networks
• Regional mobility, through connecting secondary and tertiary nodes to TEN-T infrastructure
• All modes of transport
• Network effect: common project pipeline for Cohesion Fund/ERDF and CEF indicatively included in the Operational Programmes for ESI Funds
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Transport
CEF grants: co-funding rates
Types of Projects
CEF General Budget
(all MS,
neighbouring
countries)
CEF Cohesion
Envelope
(Cohesion MS)
(a) Studies (all modes) 50% 85%
(b) Works on
Rail
Cross border 40% 85%
Bottleneck 30% 85%
Other projects of common interest 20% 85%
Inland waterways
Cross border 40% 85%
Bottleneck 40% 85%
Other projects of common interest 20% 85%
Inland transport connections to ports and airports (rail and road) 20% 85%
Development of ports 20% 85%
Development of multi-modal platforms 20% 85%
Reduce rail freight noise by retrofitting of existing rolling stock 20% 20%
Freight transport services 20% 20%
Secure parkings on road core network 20% 20%
Motorways of the sea 30% 85%
Traffic management systems SESAR, RIS & VTMIS 50/20% 85%
ERTMS 50% 85%
ITS for road 20% 85%
Cross border road sections 10% 85% (core
network)
New technologies and innovation for all modes of transport 20% 85%
Transport
CEF grants: direct management
Work programme (Annual/AP or
Multiannual/MAP)
Call for proposals
Evaluation (external
and internal)
Grant agreements
• European Commission assisted by Innovation and Networks Executive Agency (INEA)
• Competitive evaluation and selection of projects
AP & MAP 2014 MAP 2015 AP & MAP 2016 Framework, priorities and available funding
Oct 2014 – end Feb 2015
Nov 2015 – mid Feb 2016
Oct 2016 – end Jan 2017
Nov/Dec 2015
Nov/Dec 2016
Nov/Dec 2-17
Mar-Jun 2015
Mar-Jun 2016
Feb/Mar-Jun
2017
Transport
2014 Call for proposals
Results
Transport
2014 CEF Call (1/3)
€13 bn investment in 276 projects
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
681Eligible
proposals452
Proposalsrecommended byexternal experts
276Proposals
recommended byinternal panel
Indicativebudget
13,016.6 (276)
32,656.6 (681)
24,066.9 (452)
11,930.0
Core Network, rail interop, ERTMS Innovation Horizontal priorities Cohesion call Annual call
( ) = Number of proposals
Transport
2014 CEF Call (2/3)
EU funding per transport mode
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Transport
2014 CEF Call (3/3)
Funding per Corridors
€832.5 M
€1,282.6 M
€2,148.4 M
€610.5 M
€946.1 M
€1,027.4 M
€1,604.2 M
€1,753.2 M
€1,917.3 M
0 500 1,000 1,500 2,000 2,500
Rhine - Alpine
Orient/East-Med
Atlantic
Baltic - Adriatic
Mediterranean
North Sea - Mediterranean
North Sea - Baltic
Scandinavian - Mediterranean
Rhine - Danube
MAP Cohesion AP
Transport
Projects in Croatia
• Eligible proposals submitted:14
• 8 Croatian proposals
• 6 EU proposals with Croatian participation
• Selected proposals: 7
• 3 Croatian proposals (3 cohesion envelope) and
• 4 EU proposals (1 cohesion + 3 general envelope) with participation of Croatian beneficiaries
• Awarded funding:€44.462 million
• €41 million cohesion envelope (of total €456 national allocation)
• €4 million general envelope
Transport
Remaining national allocations under the "Cohesion envelope"
Member State
Remaining national allocation (December 2015) (€)
BG 264,827,632
CZ 860,093,004
EE 13,527,195
EL 79,960,324
HR 412,376,893
CY 48,186,926
LV 509,773
LT 196,660,624
HU 809,596,493
MT 0
PL 2,184,808,092
PT 508,920,174
RO 518,200,014
SI 120,261,126
SK 688,997,003
Transport
Transport
What’s next?
Transport
Next steps for CEF 2015 calls (indicative)
Indicative timetable
External and Internal Evaluation March 2016 – June 2016
Vote in CEF Committee 8 July 2016
Adoption of Selection Decision July/September 2016
Preparation and Signature of
Grant Agreements
October 2016- December 2016
Transport
CEF 2016 calls 2016 Annual and Multi-Annual Work Programme
Indicative timetable
Adoption of AP and MAP 2016 March 2016
Publication of Call 1 October 2016
Call Deadline 31 January 2017
External & Internal Evaluation March 2017 – April 2017
Vote in CEF Committee May 2017
Adoption of Selection Decision July 2017
Preparation and Signature of Grant Agreements
September 2017- December 2017
Transport
Objective 1: Priority open only to the Cohesion
Member States
Cohesion
envelope
Railways, inland waterways and roads projects on the Core
Network including connections to inland and maritime ports and
airports
50 mio€
Objective 2: Priority open to all Member States General
envelope
Freight Transport Services 20 mio€
Actions to reduce rail freight noise, including by retrofitting of
existing rolling stock 20 mio€
TOTAL 90 mio€
Annual Work Programme 2016 Priorities (1/2)
Transport
Cohesion envelope
• Core network projects not included in Annex I of CEF Regulation
• Cross border projects for railways, inland waterways and roads
• Removal of bottlenecks for railway, inland waterway and maritime infrastructure
• Other infrastructure projects for railways and inland waterways
• Coordinated development and management of rail and inland waterway infrastructure
• Technical, legal, financial or feasibility studies to assess the potential for PPP or other project finance schemes, preparation of tender documentation and permission procedures
General envelope
• Deployment of innovative, efficient and sustainable freight transport services on both Core and Comprehensive Network sections
• Reduce rail freight noise, including by retrofitting of existing rolling stock
Annual Work Programme 2016 Priorities (2/2)
Transport
Technical assistance (TA) under CEF
Transport
Eligibility, Purpose and Form
Eligibility:
• MS eligible to the Cohesion Fund (financial support deducted from the CEF cohesion national envelope)
Purpose:
• Strengthen the institutional capacity and administrative efficiency in eligible MS as regards the preparation and implementation of projects listed in Annex I to CEF Regulation
Form:
• Grants directly awarded to the MS
• Support within the framework of the JASPERS initiative
Transport
CEF TA in Croatia
Direct grant:
• Awarded grant: €134.413 to the Ministry of Maritime Affairs and Transport Infrastructure (MMATI)
• Duration: 24 months (1/07/2015 till 30/06/2017)
• Activities:
• Trainings & education
• Advice and assistance from external experts
JASPERS support:
• Targeted primarily at CEF project beneficiaries for project preparation (including grant application) but also implementation stages
• Also advice on horizontal issues to the administration
Transport
Financial instruments CEF EFSI
- An alternative to grant support -
Transport
Innovative financing for transport - context
High level of investment needs in transport
• Expected growth in world trade and passenger traffic
• Investments for the greening of transport
Level of infrastructure investment low in EU
• Adverse impact on growth, job creation and long-term competitiveness
Private investors looking for investments opportunities
• High level of liquidity on the capital markets
• Very low interest rates on sovereign bonds
• Interest in infrastructure investments
• But risks and uncertainties
Tools available at EU level:
• CEF & EFSI financial instruments:
• Standard EIB lending
• WBIF
Transport
CEF financial instruments
Budget • Up to €1.5bn available for a wide array of instruments
Eligibility • All transport modes
• All TEN-T sections core & comprehensive (including indicative extension
in neighbouring countries)
• All projects eligible under TEN-T Guidelines
Types of instruments
• Existing: Project Bonds, LGTT
• possibility of other Debt or Equity instruments, dedicated investment
funds for specific policies
Implementation
• European Investment Bank (EIB) – Delegation Agreement
Transport
European Fund for Strategic Investments
• New Fund set up within EIB • €16bn EU guarantee budget
• for loans or guarantees with higher risk-profile
• targeted leverage: €315bn of additional investments in the next 3 years
• Eligibility
– transport infrastructure and equipment
– TEN-T projects, but also beyond TEN-T
– projects for smart and sustainable urban mobility
• + the European Investment Advisory Hub • regrouped and expanded EIB Technical Assistance services
• aims to help administrations and project promoters prepare projects and use financial instruments
• + the European Investment Projects Portal • to provide governments and investors with a transparent project pipeline
to encourage investment.
Transport
European Fund for Strategic Investments