1 / 6

Russia, Eastern Europe and Southern Caucasus

Russia, Eastern Europe and Southern Caucasus. Russia – EIB already operational Eastern Europe = Ukraine – EIB already operational Moldova – EIB already operational Belarus – if and when Council Decision to start operations in the future Southern Caucasus =

istas
Télécharger la présentation

Russia, Eastern Europe and Southern Caucasus

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Russia, Eastern Europe and Southern Caucasus • Russia – EIB already operational • Eastern Europe = • Ukraine – EIB already operational • Moldova – EIB already operational • Belarus – if and when Council Decision to start operations in the future • Southern Caucasus = • Georgia – Framework Agreement just signed on 21 June 07, EIB expects to become operational in the coming months, following ratification by the Georgian Parliament of the FA • Armenia } respective Framework Agreements not yet signed, • Azerbaijan } expected during 2nd semester 07

  2. 2007-13 Budgetary Period • EU Mandate for operations outside the EU totalling EUR 27.8 bn, of which EUR 3.7 bn for Eastern Europe, Southern Caucasus & Russia • Focus on projects of significant interest to the EU in transport, energy, telecoms and environmental infrastructure. • 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. • In the environmental sector, the EIB should in Russia give particular priority to projects within the framework of the Northern Dimension Environmental Partnership.

  3. In the energy sector, strategic energy supply and energy transport projects are of particular importance. • EIB Financing Operations in this region should be carried out in close cooperation with the European Bank for Reconstruction and Development (‘the EBRD’), in particular according to the terms to be set out in a tripartite Memorandum of Understanding between the Commission, the EIB and the EBRD.

  4. TEN Extensions

  5. EIB in Russia and Eastern Neighbours • Substantial source of funding in the Region, in co-financing with the EBRD and possibly other IFIs and banks • Signalling effects/sector expertise • Competitive rates with long maturities in a range of currencies • Disbursement can be phased to meet project needs • Close cooperation with the Commission and EBRD • Range of financing structures which can be adapted to project needs/required risk allocation

  6. Key requirements • Compliance with EIB procurement rules (notably OJ) • Compliance with EU’s Environmental policy & standards (notably EIA, etc.) • Project Preparation • Economic viability • Technical viability • Financial viability of project and of Borrower • Legal Documentation / security structure

More Related