5/6/10 1 European Investment Bank

710 views

Published on

  • Be the first to comment

  • Be the first to like this

5/6/10 1 European Investment Bank

  1. 1. EUROPEAN INVESTMENT BANK Financing infrastructure investments for the benefit of Russian Regions and Cities Peter Jeffreys Russia, Eastern Europe and Southern Caucasus Division 29 May 2009
  2. 2. The European Investment Bank (EIB) Long-term Finance Promoting European Objectives <ul><li>Created by the Treaty of Rome and set up in 1958. </li></ul><ul><ul><li>EIB shareholders: the 27 Member States of the European Union </li></ul></ul><ul><ul><li>EIB Board of Governors: the 27 EU Finance Ministers </li></ul></ul><ul><ul><li>EIB Board of Directors: representatives from the 27 Member States and the European Commission </li></ul></ul><ul><ul><li>Own Funds EUR 33.4bn (subscribed capital EUR 164.8bn) at year end 2007 </li></ul></ul><ul><ul><li>Lending in 2007: EUR 47.8bn in total, of which EUR 41.4bn within the EU and EUR 6.4bn Outside the EU </li></ul></ul><ul><ul><li>Total outstanding loans at 31.12.2007: EUR 324.8bn </li></ul></ul>
  3. 3. The European Investment Bank (EIB) <ul><li>Main External Mandate 2007-2013 for EIB lending operations outside the EU = EUR 27.8 bn , of which </li></ul><ul><li>EUR 3.7 bn for Russia and Eastern Neighbours, i.e.: </li></ul><ul><ul><li>Eastern Europe : Ukraine, Moldova and – subject to future Council Decision – Belarus </li></ul></ul><ul><ul><li>Southern Caucasus : Armenia, Azerbaijan and Georgia </li></ul></ul>
  4. 4. The European Investment Bank (EIB) <ul><li>Beneficiaries of EIB loans: State, Central Government, Regions, Municipalities, Utilities, Private Companies, Project Finance Structures and PPPs. </li></ul><ul><li>EIB Financing Operations in the region should be carried out in close cooperation with the EBRD in accordance with the tripartite Memorandum of Understanding signed between the Commission, the EIB and the EBRD in December 2006. </li></ul>
  5. 5. The European Investment Bank (EIB) <ul><li>2007-2013 Mandate for Eastern Europe, Southern Caucasus & Russia </li></ul><ul><li>Focus on projects of significant interest to the EU in transport, energy, telecoms and environmental infrastructure . </li></ul><ul><li>Priority to projects on extended major Trans European Network Axes , projects with cross-border implications for one or more Member States and major projects favouring regional integration through increased connectivity. </li></ul><ul><li>In the environmental sector , the EIB should in Russia give particular priority to projects within the framework of the Northern Dimension Environmental Partnership. </li></ul><ul><li>In the energy sector , strategic energy supply and energy transport projects are of particular importance. </li></ul>
  6. 6. The European Investment Bank (EIB) <ul><li>Priority in Transport: </li></ul><ul><li>Projects on the extended major Trans European Network axes </li></ul><ul><li>Northern Axis </li></ul><ul><li>Central Axis </li></ul><ul><li>South Eastern Axis </li></ul><ul><li>Motorways of the Seas </li></ul>
  7. 7. The European Investment Bank (EIB) <ul><li>Transport – Other Potential EIB Projects </li></ul><ul><li>Projects with cross-border implications for one or more Member States that improve the interconnection between the EU and its Neighbours. </li></ul><ul><li>Additional major projects favouring regional integration through increased connectivity. </li></ul><ul><li>Investments linked to the upgrading of infrastructure to make transport along the main axes more rapid and effective. </li></ul><ul><li>Projects promoting environmental sustainability, as well as safety and security . </li></ul><ul><li>Promotion of multi-modality. </li></ul><ul><li>Projects promoting technical, legal and administrative interoperability with EU systems, new EU technologies (e.g. ERTMS, SESAR, Galileo). </li></ul>
  8. 8. The European Investment Bank (EIB) <ul><li>Energy – Potential EIB Projects (1) </li></ul>
  9. 9. The European Investment Bank (EIB) <ul><li>Energy – Potential EIB Projects (2) </li></ul><ul><li>Strategic energy supply and energy transport projects . </li></ul><ul><li>Rehabilitation and development of energy networks and infrastructure in order to diversify and secure energy supplies to the EU, increase the efficient production and reliable transportation of energy and to promote regional integration. </li></ul><ul><li>Projects improving the performance, safety and security of energy infrastructures. </li></ul><ul><li>Projects having a positive environmental effect. </li></ul>
  10. 10. The European Investment Bank (EIB) <ul><li>Environment – Potential EIB Projects </li></ul><ul><li>Wastewater and waste management projects, in particular projects having an impact on the coastal waters of the Black Sea. </li></ul><ul><li>Water management projects, to improve water quality, supply and sanitation. </li></ul><ul><li>Environmental infrastructure projects supporting nature protection, notably for biodiversity conservation and land degradation, as well for the forestry sector. </li></ul><ul><li>Other environmental infrastructure projects in the Black Sea region. </li></ul>
  11. 11. The European Investment Bank (EIB) <ul><li>Telecoms – Potential EIB Projects </li></ul><ul><li>Projects with cross-border implications and promoting regional integration through increased connectivity. </li></ul><ul><li>Helping ENP partners to avoid technology gap and promote the use of new technologies. </li></ul><ul><li>Interoperability of national networks. </li></ul><ul><li>Projects favouring investments in broadband infrastructure, third generation mobile services (3G) and affordable access to Internet and mobile services. </li></ul><ul><li>Investments in telecommunication infrastructure linked to stimulation of market liberalisation and competitiveness. </li></ul><ul><li>Projects favouring investments to further strengthen the global partnerships, for example, the interconnection of National Research and Education Networks to the EU´s GÉANT infrastructure </li></ul><ul><li>The establishment of National Grid Initiatives in support of science and technology as well as for the public sector (especially health related) and in the area of scientific data repositories. </li></ul>
  12. 12. The European Investment Bank (EIB) <ul><li>Key Requirements </li></ul><ul><li>Project eligible viz. 2007-2013 Mandate sectors . </li></ul><ul><li>Compliance with EIB procurement rules (notably OJ). </li></ul><ul><li>Compliance with EU’s Environmental policy & standards (notably EIA, etc.). </li></ul><ul><li>“ Bankable” project with appropriate project preparation: </li></ul><ul><ul><li>Economic viability </li></ul></ul><ul><ul><li>Technical viability </li></ul></ul><ul><ul><li>Financial viability of project and of borrower </li></ul></ul><ul><ul><li>Legal documentation / security structure </li></ul></ul><ul><li>Minimum project size – around EUR 30-50m, in principle (smaller projects can be considered on a case-by-case basis) . </li></ul>
  13. 13. The European Investment Bank (EIB) <ul><li>Federal Borrowers: </li></ul><ul><li>Flood Barrier Project (co-financed with EBRD & NIB) EUR 40m </li></ul><ul><li>Regional Borrowers: </li></ul><ul><li>Vodokanal III (with EBRD, NIB, NDEP, SIDA, under negot.) EUR 17.5m </li></ul><ul><li>Moscow District Heating (with EBRD, negotiation stage) EUR 100m </li></ul><ul><li>Private Borrowers: </li></ul><ul><li>MTS Mobile Broadband (with EBRD, negotiation stage) EUR 115m </li></ul><ul><li>OGK-5 Power Plant Rehabilitation (with EBRD, negotiation stage) EUR 250m </li></ul><ul><li>Nizhnevartovsk Power Plant (with EBRD, appraisal stage) EUR TBC </li></ul>EIB-financed projects in Russian Regions
  14. 14. For more information … Peter Jeffreys    Russia, Eastern Europe and Southern Caucasus   European Neighbourhood and Partner Countries Department   European Investment Bank    Tel:        (352) 4379 86409    Fax:       (352) 4379 67495    e-mail:   [email_address] http:// www.eib.org /

×