Presentation on theme: "European Investment Bank"— Presentation transcript:
1 European Investment Bank EIB financing of (regional) airport investments in the light of Global WarmingMessagesDiscover the new cohesion policy : it opens a wide range of public and private investment opportunities.Public-private partnerships: working together for more competitiveness, innovation and sustained regional growth.EU Cohesion policy means achieving more together – Structural Funds investments make enlargement a success for all.Investing in Europe: Regions and cities deliver the Growth and Jobs agenda.Markus PfefferEuropean Investment Bank
2 EIB – The European Union’s financing institution* European Union’s long-term lending bank set up in 1958 by the Treaty of RomeSubscribed capital EUR bnEIB shareholders: 27 Member States of the European UnionLending 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
3 Growth in Subscribed Capital and Lending Portfolio
4 EIB PROJECT ELIGIBILITY SO FAR Economic and social cohesion in an enlarged EUDevelopment of Trans-European and access Networks and other transport projects of common interestSupport for SMEsInnovation 2010 Initiative (i2i): R&D, technology networks, dissemination of innovation, education, healthEnvironmental protection and improvementSupport for EU development aid and cooperation policiesPromoting European Union policies
5 EIB Air Transport Policy So Far Airport projects should... be part of a national/regional strategy (e.g. TEN)be based on a detailed master plan incl. EIAconsider a phased development to avoid over-investmentserve all stakeholders (passengers, airlines, GA)take into account environmental and social aspectsbe economically viablerespect state aid and competition ruleshave a transparent and fair charging policyhave a competent operator (Technical Assistance)guarantee continued maintenanceconsider tailored operating and security procedures
6 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)
7 Recent Policy TrendsFocus on revised COP Priority Objectives (i.e. cohesion and convergence; SMEs; environmental sustainability; Innovation 2010 Initiative (i2i); TENs; Sustainable, competitive and secure energy)Invitation to take more riskTechnical assistance through various mechanismsIncorporation of climate change considerations into funding decisions
8 Trans-european Transport Network - Airports CriteriaMapInternational 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 whichless than 30 % are non-national, orwith an annual traffic betweenand passenger movements, orwith an annual traffic volume of betweenand tonnes freight, or- located on an island of a Member State, orlocated in a landlocked area of theCommunity with commercial servicesoperated by aircraft with a maximum take-off weight in excess of 10 tonnes.
9 SME: possible but untested Cohesion PolicyOther EligibilitiesSME: possible but untestedEnergy efficiency: possible, but no examples as yet
10 Invitation to take more risk Public-Private Partnerships (PPP) Structured Finance Facility (SFF)Technical assistance through various mechanismsWithin EU: JASPERS (Joint Assistance to Support Projects in European Regions) for EU assisted areasOutside 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)
11 Incorporation of Climate Change Considerations into Funding Decisions >>>>>> Page to be provided during conference >>>>>>
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