Presentation on theme: "European Investment Bank EIB financing of (regional) airport investments in the light of Global Warming Markus Pfeffer."— Presentation transcript:
European Investment Bank EIB financing of (regional) airport investments in the light of Global Warming Markus Pfeffer
EIB – The European Unions financing institution * European Unions long-term lending bank set up in 1958 by the Treaty of Rome Subscribed capital EUR bn EIB shareholders: 27 Member States of the European Union Lending in 2006: EUR 45.8 bn ( EUR 47 bn in 2005 ) EUR 39.8 bn within the EU ( EUR 42 bn in 2005 ) Borrowing in 2006: EUR 48 bn through bond issues in more than 10 currencies ( EUR 50 bn in 2005 ) *Figures subject to change
Growth in Subscribed Capital and Lending Portfolio
Economic and social cohesion in an enlarged EU Support for SMEs Development of Trans-European and access Networks and other transport projects of common interest Environmental protection and improvement Support for EU development aid and cooperation policies Promoting European Union policies Innovation 2010 Initiative (i2i): R&D, technology networks, dissemination of innovation, education, health EIB PROJECT ELIGIBILITY SO FAR
EIB Air Transport Policy So Far be part of a national/regional strategy (e.g. TEN) be based on a detailed master plan incl. EIA consider a phased development to avoid over-investment serve all stakeholders (passengers, airlines, GA) take into account environmental and social aspects be economically viable respect state aid and competition rules have a transparent and fair charging policy have a competent operator (Technical Assistance) guarantee continued maintenance consider tailored operating and security procedures Airport projects should...
Examples of Regional Airports (to be) Funded by EIB Robin Hood Airport, Doncaster-Sheffield, UK (2003) Tivat Airport, Montenegro (2003) Edinburgh / Aberdeen, UK (2004) Alicante, Spain (2005) Sibiu Airport, Romania (2006)
Focus on revised COP Priority Objectives (i.e. c ohesion and convergence; SMEs; environmental sustainability; Innovation 2010 Initiative (i2i); TENs; Sustainable, competitive and secure energy ) Invitation to take more risk Technical assistance through various mechanisms Incorporation of climate change considerations into funding decisions Recent Policy Trends
Trans-european Transport Network - Airports Map Criteria International connecting points: Airports with traffic >= 5 mpax, or… Community connecting points: Airports with 1 to 5 mpax, or… Regional connecting and accessibility points include all airports : - with an annual traffic of to passenger movements, of which less than 30 % are non-national, or - with an annual traffic between and passenger movements, or - with an annual traffic volume of between and tonnes freight, or - located on an island of a Member State, or - located in a landlocked area of the Community with commercial services operated by aircraft with a maximum take- off weight in excess of 10 tonnes.
Cohesion Policy Other Eligibilities SME: possible but untested Energy efficiency: possible, but no examples as yet
Public-Private Partnerships (PPP) Structured Finance Facility (SFF) Invitation to take more risk Within EU: JASPERS (Joint Assistance to Support Projects in European Regions) for EU assisted areas Outside EU: FEMIP (Facility for Euro-Mediterranean Investment and Partnership) Support and Trust Fund, some technical assistance for the Investment Facility (ACP), Climate Change Technical Assistance Facility (CCTAF) Project Acceleration Facility (PAF) Technical assistance through various mechanisms
Incorporation of Climate Change Considerations into Funding Decisions >>>>>> Page to be provided during conference >>>>>>