This presentation was held during the 5th GIB Summit, May 27-28 2015. The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org

1. This presentation was held
during the 5th GIB Summit,
May 27-28 2015.
The presentation and more
information on the Global
Infrastructure Basel
Foundation are available on
www.gib-foundation.org
The next GIB Summit will take place in Basel,
May 24-25, 2016.
The information and views set out in this presenation are those of the author(s) and do not necessarily reflect the opinion of the Global
Infrastructure Basel Foundation. Neither the Global Infrastructure Basel Foundation nor any person acting on its behalf may be held responsible
for the use of the information contained therein.

2. Financing Sustainable TransportJuly 2014

3. An intro to EBRD
European Bank for Reconstruction and Development
• IFI founded in 1991 to promote transition to
market economies in 35 countries
• Owned by 64 countries and two
intergovernmental institutions (AAA/Aaa rated)
• Largest single investor in the region:
In 2014, €8.9 billion invested in 377 projects
• Principles: Transition Impact, Sound Banking,
Additionality
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• Invests across all sectors: Infrastructure, ICA,
FI, Energy & Natural Resources, SME, etc.
• Combine donor funded Technical Cooperation,
Policy Dialogue and Finance to overcome
transition barriers
• Tailored financial options with public and
private sector (incl. debt, equity, PPP, etc.)

4. Elements of TOD
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Source: ITDP

5. ST financing, or ST funding?
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Funding Financing
• Tax revenues
• User charges
• Fuel and Vehicle charges
• Land value capture (betterment, etc)
• Grants (Climate finance and others)
• Domestic Finance
• International Finance
• MDBs
• Climate Finance
More focus on funding needed

6. Financing sources
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7. Some barriers for financing ST
• Lack of pipeline of well prepared projects
• Non transparent/inadquate legal and regulatory frameworks
• Changeable policy environment (ST projects often longer)
• Limited capacity in the Government (especially local/regional)
• (Sometimes) Higher technology/construction cost
• Unsuitable project appraisal / prioritization (What is Sustainable Transport?)
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8. The EBRD role
Delivering ST through private sector
• Improve business
environment and
regulatory framework
• Catalyze other investors
(political risk)
• Capacity building
• Regulatory
development; eg. PSC
• Creation of pipeline of
projects; eg.
Sustainable Transport
Plans
• IPPF (Infrastructure
Project Preparation
Facility)
• Tailored financing
options, incl.
- Sovereign
- Sub-sovereign
- PPP
• Mobilizing grants to
lower capex cost and
push market
penetration
• Rio+20: Pledge for
sustainable transport
Financing
Technical
Cooperation
Policy
Dialogue
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9. Contacts
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Marcial Bustinduy
Principal Sustainable Transport Specialist
Transport
email: bustindm@ebrd.com
For all further enquiries, please contact:
Sue Barrett
Director
Transport
email: barretts@ebrd.com
EBRD
One Exchange Square
London EC2A 2JN, United Kingdom

10. Rio+20:
Measuring Sustainable Transport
Principles:
• Project-based
• Objective-driven: it measures performance against a set
of objectives, organized under three pillars. No White Lists
• Simplicity: applicable to different contexts and easy to
understand by non experts
• Qualitative, supported by quantitative indicators
• MDB Harmonization (Common Framework)
• Incentive: it rewards the design of the project in a way that
maximizes sustainability
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STAR
Economic Effectiveness:
• Economic Impact
• Transition
• Funding
Social Sustainability:
• Safety
• Social inclusion / accessibility
• Gender
Environmental Sustainability:
• Climate mitigation
• Climate resilience
• Environmental impact
Risks to Sustainability

11. Example of ST project assessment
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