EU Strategy for the BSR
Implementation Facility
- A way of accelerating the EUSBSR Gdansk,17 February 2011
17/02/2011
European Investment Bank
1
What is the EUSBSR Implementation Facility?
A concept on how to promote the implementation of
high priority medium sized schemes in the Baltic Sea
Region
While JASPERS support is limited to the preparation of
project applications from the Member States (MS) to
the EC, the Implementation Facility will assist in
speeding up the realisation of the projects after
being approved by the EC
The Implementation Facility is open to project
components that do not receive support from other
forms of Technical Assistance (TA) or from JASPERS
(no overlapping or crowding out)
The Implementation Facility will provide TA to high
priority projects - not financial investment support & not
interest subsidies
17/02/2011
European Investment Bank
2
Why is a EUSBSR Implementation Facility needed?
Project implementation is sometimes slow and project
preparation can be complex
Projects exceeding EUR 50m in Structural Funds in
Estonia, Latvia, Lithuania and Poland are eligible for
JASPERS assistance for project preparation, in
transport, energy, urban infrastructure, environment
and RDI
Other TA facilities available have sectoral or
geographical limitations (i.e. BSAP under NIB-Nefco
target HELCOM BSAP projects, SIDA’s Baltic Sea
Unit’s support limited to Swedish partners)
Complementarity of the EUSBSR Implementation
Facility
17/02/2011
European Investment Bank
3
Main roles of JASPERS
JASPERS normally assists MS as follows:
Preparation of applications for EU Structural Funds
The size or the supported schemes normally >EUR
50m
The sectors covered are normally transport, energy
urban infrastructure, environment and RDI
JASPERS does only exceptionally:
Support the implementation of projects
Support small schemes
Support schemes in other sectors as mentioned above
17/02/2011
European Investment Bank
4
Interventions from other sources
TA Source
Geographical
Coverage
Eligibility
Project
Preparation
Project
Implementation
JASPERS
New MS
Schemes exceeding
50m[1]
Yes
No[2]
BSAP Fund
Baltic Sea Region
Schemes supporting
the HELCOM
Action Plan
Yes
Yes
Baltic Sea Unit
Projects covering the
Baltic Sea Region,
Swedish applicants
only
Schemes supporting
cooperation in the
Baltic Sea Region
Yes
No
National/regional/
municipal
schemes
respective
nation/region/
municipality
Support the
preparation of
applications for EU
funds
Yes
No
[1]
[2]
17/02/2011
Projects less then EUR 50m may on exceptional basis get assistance from JASPERS upon the request of the Member State
In some 2-3 projects, as a pilot case, JASPERS has agreed to provide TA for implementation on an exceptional basis.
European Investment Bank
5
The project cycle and the interventions by different
parties
Time of EC approval
Preparation phase
Implementation phase
JASPERS
Implementation Facility
Application docs
Feasibility studies
Market studies
Procurement docs
Contract signing
Complementary studies
Construction & Commissioning
General timeline for the entire project life time
17/02/2011
European Investment Bank
6
Main focus of EUSBSR Implementation Facility
The EUSBSR Implementation Facility is aimed at
project implementation and preparation only when
needed, including the implementation of projects
previously prepared by JASPERS
To speed up the implementation of projects of local/
regional/national importance (including cross-border
projects)
The Implementation Facility will not compete with
existing TA initiatives in the area, it will rather
complement such facilities
The focus of the facility is on TA and it will not be
available for investment co-financing, loan guarantee
cost financing, interest rate subsidy or risk capital
operations
17/02/2011
European Investment Bank
7
The Establishment of the Implementation Facility
The Implementation Facility could be managed by the EIB
It would draw on contributions from:





Member States (the use of up to 4% of EU SF available for TA
as contributions) could allocate funds in “national “pockets” in
the Implementation Facility
Multilateral contributors, e.g. the European Commission
Bilateral contributors, such as the EU Member States and their
development agencies
Other countries and their institutions and
IFIs active in the EUSBSR
As Implementation Facility Manager the EIB would manage the
provision of TA through its established network of
consultants and outside experts.
17/02/2011
European Investment Bank
8
Why is coordination needed?
Promoters, for instance municipalities, do not
always have the necessary in-house expertise
Not all promoters know where to ask for further
assistance
Why EIB as coordinator?
The Bank has already operations in the entire
region
The Bank has at its disposal a large number of
sector experts
17/02/2011
European Investment Bank
9
Timing and Financing
Phased approach
The Implementation Facility to start as a Pilot Project on a
rather small scale until 2013
After evaluation of pilot phase, the Implementation Facility to
be enlarged and extended
The EIB has considerable experience in managing similar
facilities and is successfully managing several Trust Funds
encompassing a wide geographic scope
17/02/2011
European Investment Bank
10
Next Steps
Time Table
Launch of Outline Document
Consultation with Member States
Allocation of Funds
Presentation of provisional pipeline
Signature of agreement
Facility becoming operational
Jan 2011
Jan-March 2011
1st half of 2011
1st half of 2011
1st of June 2011
1st of July 2011
Financing
Year
2011
2012
2013
Funds
EUR 2 m
EUR 4 m
EUR 4 m
Number of targeted projects
3-5 projects
8-12 projects
8-12 projects
In total EUR 10 m to be allocated progressively over the period 20112013 for a pilot phase. After mid-term evaluation, the facility could be
enlarged and extended beyond 2013
17/02/2011
European Investment Bank
11
For more information…
http://www.eib.org/
Contacts:
Alexander Schenk
alexander.schenk@finance.ministry.se
Roland Randefelt r.randefelt@eib.org
Maja Roginska kozminsk@eib.org
17/02/2011
European Investment Bank
12