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Joanna Fiedler, DG Environment Domenica Bumma, DG Enlargement

Joanna Fiedler, DG Environment Domenica Bumma, DG Enlargement. EU Enlargement and Environment Update on financing environment and cooperation with IFIs PEIP Meeting, 19 June 2008. 1. Outline of the presentation. EU financial instruments Donors coordination on environment

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Joanna Fiedler, DG Environment Domenica Bumma, DG Enlargement

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  1. Joanna Fiedler, DG EnvironmentDomenica Bumma, DG Enlargement EU Enlargement and Environment Update on financing environment and cooperation with IFIs PEIP Meeting, 19 June 2008 IPF Steering Committee - 16 June 2008 1

  2. Outline of the presentation • EU financial instruments • Donors coordination on environment • New aspects: Union for Mediterranean • Infrastructure Projects Facility (IPF) • Municipal Window of PPF IPF Steering Committee - 16 June 2008

  3. EC assistance Instrument for Pre-Accession (IPA): • Component I • Technical assistance available for the preparation of Approximation and Investment strategies for ENV • Capacity building of the relevant institutions • Infrastructure investments in potential CCs • Component II • Cross-Border Cooperation (CBC) • Component III „Regional development“ (available only to CCs) • Investments in the field of transport, ENVIRONMENT (OP ENV) and regional competitiveness • Technical assistance for projects‘ preparation IPF Steering Committee - 16 June 2008

  4. Donors’ coordination • IFIs AG WG on ENV • EBRD environmental and social policy revision • EIB – environmental statement under revision • DABLAS Task Force • EPPF/ IPF IPF Steering Committee - 16 June 2008

  5. IFIs Advisory Group IFIs Advisory Group established in March 2007 (replacement of Infrastructure Steering Group) • It has advisory function on the coordination of investment projects in the region • The scope of work extended beyond regional transport, energy and environment projects to cover sectors such as health, education, social issues, municipalities as well as Public Private Partnership • It covers all candidate and potential candidate countries • Working Group on environment – work plan 2008 • Climate change focus (adaptation) – need for climate change adaptation strategies • Waste management – challenges to financing waste management investments • Next meeting October 2008 IPF Steering Committee - 16 June 2008

  6. Achievements Pipeline of prioritised water and wastewater investment projects • Pipeline (30 projects) endorsed in 2003, based on projects selected by ICPDR and BSC that comply with environmental and financial criteria • Out of the 30 initial Priority Investment Projects • 16 water supply and sanitation projects have secured financing and have been taken out of the pipeline • most other projects have moved forward thanks to the Project Preparation Facilities • new relevant projects were added • the least feasible projects were taken out IPF Steering Committee - 16 June 2008

  7. Achievements Examples of specific activities • Groundbreaking work on the grouping of municipalities for a regional approach to water sanitation (Constanta, Romania) • Securing funds from EC IPA for feasibility work for investments in the water sector (Turkey) • Securing grant co-financing for investments (Mykolaiv, Ukraine) • Developing guidance document on “Good Practice in Project Preparation” in all DABLAS languages • Identifying the links between the DABLAS process and the Water Framework Directive IPF Steering Committee - 16 June 2008

  8. Achievements Summary key results • supplement to national processes – allows to see the bigger picture • improved preparation of key water and wastewater investment projects • developed a framework for investors/donors to use when making financial decisions • methodological guidance on issues of relevance for project preparation • Possibility to replicate the approach? IPF Steering Committee - 16 June 2008

  9. Latest Developments • Contract recently awarded under PHARE multi-country: • provide DABLAS Secretariat Services for the full DABLAS region • provide direct investment support for river basin management-related projects in Romania, Bulgaria, Croatia and Turkey • In these 4 countries, provide methodological guidance on cost-benefit analysis, cost of construction and regionalisation of investments • Further support for the Task Force is planned through IPA and ENPI, but additional support will be necessary! IPF Steering Committee - 16 June 2008

  10. New aspects – Union for Mediterranean • COM (2008) 319 – Barcelona Process: Union for the Mediterranean; • To enhance multilateral relations, increase co-ownership of the process and make it more visible to citizens. To “inject” further momentum into the Barcelona process; • Multilateral partnership – regional and trans-national projects; • All EU Member States, members and observers of the Barcelona Process and Croatia, Bosnia and Herzegovina, Montenegro. • Project dimension – additional funding is expected: private sector, bilateral cooperation, partners, IFIs, regional banks, bilateral funds) IPF Steering Committee - 16 June 2008

  11. Infrastructure Project Facility TECHNICAL ASSISTANCE (1/4) Overall objective Contribute to the socio-economic development of the Western Balkans through improved infrastructures in transport, environment, and energy and in the social field Project purpose Support preparation and implementation of investment projects financed by grants and/or loans by the beneficiaries, IFIs, IPA and/or other sponsors/donors. IPF Steering Committee - 16 June 2008

  12. IPF TECHNICAL ASSISTANCE (2/4) • Expected results • Improved number, speed and quality of investment proposals for infrastructure investments • Enhanced financial cooperation between the Commission, IFIs and beneficiaries • Improved technical skills of local human resources within beneficiary institutions IPF Steering Committee - 16 June 2008

  13. IPF TECHNICAL ASSISTANCE (3/4) Activities • Develop pipeline of infrastructure investments projects • Technical support for preparation & implementation of projects • Ad hoc assessment of individual investment projects • Upstream & downstream cooperation with IFIs • Update of capacity needs assessment of stakeholders • Training and capacity building of beneficiaries IPF Steering Committee - 16 June 2008

  14. FIRST RESULTS OF THE IPF (4/4) • €16 million already allocated • 58 proposals received from 6 countries • 18 projects prioritised, 5 in environment • 30 projects on reserve list • 10 projects rejected • > € 10 million of estimated TA support • > € 800 million of estimated follow up investments IPF Steering Committee - 16 June 2008

  15. “Feasibility Study for Collection, Transport and Treatment of Waste Waters in the Municipality of Vranje and Uzice” • TA-SER-17 Sector: Environment - Water Protection Lead IFI: none at this stage Co-financing Investors: IPA, State Budget Requested Service: Feasibility Study Indicative IPF TA: EUR 500,000 Estimated Total Investment: EUR 19,561,000 IPF Steering Committee - 16 June 2008

  16. “Podgorica Waste Water Project” • TA-MON-07 • Sector: Environment - Waste Water • Lead IFI: EIB, EBRD • Co-financing Investors: WB, IPA, Dexia CCB • Requested Service: Feasibility Study • Indicative IPF TA: to be defined • Estimated Total Investment: EUR 35,000,000 IPF Steering Committee - 16 June 2008

  17. “Podgorica Water Infrastructure Project” • TA-MON-05 • Sector: Environment - Water • Lead IFI: EBRD • Co-financing Investors: EIB, WB • Requested Service: Feasibility Study • Indicative IPF TA: EUR 300,000 • Estimated Total Investment: EUR 10,000,000 IPF Steering Committee - 16 June 2008

  18. “Regional Water Company Prishtina” • TA-KOS-01 • Sector: Environment - Water Supply • Lead IFI: none at this stage • Co-financing Investors: KfW, EAR, Government • of Norway and Government of Switzerland • Requested Service: Technical and • Management Assistance, Feasibility Study • Indicative IPF TA: EUR 300,000 • Estimated Total Investment: EUR 10,000,000 IPF Steering Committee - 16 June 2008

  19. “Plava Voda Regional Water Supply Project” • TA-BIH-03 Sector: Environment - Water Supply Lead IFI: EBRD Co-financing Investors: CEB Requested Service: Feasibility Study Indicative IPF TA: EUR 600,000 Estimated Total Investment: EUR 28,000,000 IPF Steering Committee - 16 June 2008

  20. IPF MUNICIPALITY WINDOW (1/3) Overall objective Supporting the financing of infrastructure investments to create the conditions for sustainable development in the IPA countries in the prospect of EU accession Project purpose Co-operation with IFIs to support the financing of infrastructure investments of municipalities primarily in the field of water, sanitation and waste management through a grant co-financing mechanism (EU grants + IFI loan) IPF Steering Committee - 16 June 2008

  21. IPF MUNICIPALIT WINDOW (2/3) • Expected results • Social result: improvement of living conditions of the population • Economic result: adequate tariff policy of public utilities to ensure viability and sustainability of municipal investments • Environmental result: progress achieved towards the implementation of the “acquis communautaire” with respect to the water and waste Directives • Financial sector result: involving local banks in municipal lending (indirect lending) IPF Steering Committee - 16 June 2008

  22. IPF MUNICIPALITY WINDOW (3/3) • Activities • Identification of municipal investment projects (direct lending to municipalities or lending through financial intermediaries) • Assessment by the IPF Secretariat and approval by the IPF Steering Committee • Implementation of projects by the IFIs (signature of municipal project agreement, release of EU grants, completion check of investment) • Capacity building of municipalities for investment planning and management IPF Steering Committee - 16 June 2008

  23. IPF (TA & Municipality window)MANAGEMENT STRUCTURE IPF Steering Committee - 16 June 2008

  24. TA projects presented by beneficiaries and sponsors (IFIs, others) NIPAC Offices IPF Secretariat IPF Steering Committee prioritisation of projects proposal of projects DG ELARG (Task Manager) recommendation of pipeline Order of service for TA monitored by Project Task Force Order of service for TA monitored by Project Task Force Order of service for TA monitored by Project Task Force IPF TA PROJECT CYCLE IPF Steering Committee - 16 June 2008

  25. Investment projects presented by beneficiaries and IFIs NIPAC Offices IPF Steering Committee IPF Secretariat proposal of projects prioritisation Contracting Authority (ELARG) recommendation of pipeline Direct contribution Agreement with IFI for project co-financing Direct contribution Agreement with IFI for project co-financing Direct contribution agreement with IFI for project co-financing Implementation of municipal investments IPF MUNICIPALITY WINDOW PROJECT CYCLE IPF Steering Committee - 16 June 2008

  26. RESOURCES UNDER IPA 2008 IPF Steering Committee - 16 June 2008

  27. NEXT STEPS • End-June 2008: kick off of TA Contract = mobilisation of experts for pipeline projects between July and September 2008 • September 2008: IPA Management Committee to approve IPA 2008 proposed programmes (IPF TA, IPF MW) • October 2008: second meeting of the IPF Steering Committee; first screening of projects eligible for IPF MW IPF Steering Committee - 16 June 2008

  28. THANK YOUJoanna FiedlerPolicy Officer for Serbia and Syria, relations with IFIs, coordinator of ISPA/PHARE/CARDS/ IPA and twinningUnit for Enlargement and Neighbouring CountriesEuropean Commission – DG Environmentemail: joanna.fiedler@ec.europa.euTel: 0032 2 299 03 10 IPF Steering Committee - 16 June 2008

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