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MEI Presentation Tel Aviv 24 April 2012
 

MEI Presentation Tel Aviv 24 April 2012

MEI Presentation Tel Aviv 24 April 2012

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    MEI Presentation Tel Aviv 24 April 2012 MEI Presentation Tel Aviv 24 April 2012 Presentation Transcript

    • MEIMunicipal and Environmental Infrastructure Seminar, Tel Aviv, 24 April 2012 Erik Holmqvist © European Bank for Reconstruction and Development 2010 | www.ebrd.com
    • Questions? Please interrupt at any time – we are here for you now, and you will be there for us later! 2
    • What is MEI? Municipal lending means we strive to work directly with the Municipalities and Municipal Utilities Municipal and Environmental Infrastructure: • Water and Wastewater • District Heating • Solid Waste Management • Renewable Energy • Urban Transport 3
    • Active portfolio: 190 projects / EUR 3 billion Transit and Water and Ground Sewage 39% Passenger 31% Steam and AirConditioning Municipal Russia RegionalSupply 12% Renewable Services Turkey 13% 22% 8% Heat 0% 17% CA 7% Romania 13% Other CE 1% Poland 7% Other SEEC 17% Serbia & Baltics Croatia Montenegro 1% 3% 8% Data: end Feb 2012 4
    • Water supply and wastewater treatment Investment challenges Meeting national and EU water and effluent standards Need to increase investments in maintenance and asset renewal Improve water supply and quality standards Improve collection and treatment of sewage Improve operational and financial performance of municipal water and sewerage companies 5
    • Key themes in structuring water and wastewaterprojects• Ensuring right incentives to use water more efficiently – Tariff methodology to cover costs – Metering to enable water companies to monitor consumption – behavioural change in consumption! – Improving collections• Improving efficiency and service levels – Financial and Operating Performance Improvement Programmes – Introduction of monitoring and targeting programmes – Benchmarking 6
    • Technical Cooperation• Technical Cooperation remains key to project success• Mitigates risk and supports transition impact (Significant risk of delays in project implementation resulting from procurement complexities)• Capacity building in operational and environmental, social, health and safety management 7
    • Types of TC required• Pre-signing (preparation) – Financial Audit – Feasibility Study – Technical; Financial; Environmental and Social Due Diligence• Post-signing (implementation) – Creditworthiness Enhancement – Financial and Operational Performance Improvement – Project Implementation Support – Corporate Development 8
    • Technical Cooperation Financial and Operational Performance Improvement Programme (“FOPIP”) Improve the Company’s operational and financial management in order to strengthen the capacity to service debt while providing high quality water and sewerage services • establishment of indicators for measurable improvements of operational efficiency and levels of service • increased revenue collection rates • improved transparency and accountability to consumer • facilitation of outsourcing for improved financial viability and customer service 9
    • Technical Cooperation Creditworthiness Enhancement Programme (“CEP”) • TC support to assist the Client to improve its financial management and administration • Focus on key areas: revenue management, capital investment, asset management, municipal services, management information systems • Support for improved regulatory oversight and predictable tariff regimes 10
    • Technical Cooperation Project Implementation Support To facilitate the timely and effective project implementation including, inter alia, design, preparation of technical specifications and tender documents (including environmental, health and safety requirements), tender evaluation, contracting, contract management and engineering supervision a) Review and finalise the Priority Investment Programmes, prepare implementation packages and update cost estimates b) Design and prepare drawings and technical specifications for all components in the investment programmes to the extent required for local permits and suitability for international tendering c) Prepare tender documents d) Assist in procurement and contracting e) Provide contract and engineering supervision f) Provide training to PIU staff in all aspects of project implementation 11
    • The Project Cycle and role of TCs  EBRD/Client contact - Project idea  Project Concept approval by the Bank  Project Preparation Feasibility Study/Due Diligence, IFRS etc.  Bank Internal and Board Approval  Loan Signing Implementation Support Corporate Development Credit Worthiness Enhancement 12
    • Example – Pskov Water Improvement (Russia) EBRD loan of approximately EUR 13 million co-financed by an investment grant from the Northern Dimension Environmental Partnership of EUR 6 million to rehabilitate the wastewater treatment and water supply systems. The project is currently under implementation and proceeding well. 13
    • Example – Pskov Water Improvement Associated Technical Cooperation Pre-signing: • Feasibility Study (EUR 180,000). The duration of this assignment, which was financed by Finland, was approximately 10 weeks, and the Consultant produced a FGeasibility Study outlining a bankable investment for the EBRD. Post-signing: • Project Implementation Support and Training (EUR 900,000). The duration of this assignment is 30 months, more or less equivalent to the overall project implementation time. • Corporate Development Programme (EUR 330,000). The duration of this assignment is 6 month. Both post-signing TCs are financed by the EBRD Shareholder Special Funds, with no eligibility restrictions. 14
    • Procurement Notice 15
    • Procurement Notice 16
    • Procurement Notice 17
    • EOI Important parts of the PN: Deadline! 18
    • EOI Important parts of the PN: Eligibility! (Don’t waste time.) 19
    • EOI Important parts of the PN: Duration of the assignment! 20
    • EOI Important parts of the PN: Budget! 21
    • EOI Important parts of the PN: Consultant’s profile (team setup)! 22
    • Contract Negotiations I or one of my colleagues will send the winner an email to start the contract negotiations (if Bank handles negotiations). 23
    • Contract Negotiations 24
    • Consultancy What do we want from our Consultants? • Good and continuous communication • Independent work • Early warnings • Flexibility 25
    • Consultancy What do we NOT want from our Consultants? 26
    • Contacts - Municipal and EnvironmentalInfrastructure Erik Holmqvist TC Co-ordinator +44 20 7338 7618 +44 7702 957 0666 HolmqviE@ebrd.comhttp://www.ebrd.com/One Exchange SquareLondon EC2A 2JNUnited Kingdom 27