1. The European Investment Bank EU’s policy driven Bank
Maj Theander, Director, Mobility Department
Thank you for this opportunity to present PJ and the project cycle.
As this is my first time with you here today I have included a couple of words about my own background and my expectations for PJ in the future
I took over the responsibility for PJ at the beginning of the year and have used this occasion to re-organise PJ.
I will address the rationale for this reorganisation a bit later.
24/04/2017
European Investment Bank

2. EIB Lending to the transport sector 2006-2010: EUR 71 billion
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European Investment Bank

3. European Investment Bank
What can the EIB offer
Providing attractive long-term lending
Setting up new financial instruments
Financial and technical expertise:
Promoting EU policy objectives
Providing advice to promoters
Sharing knowledge and providing guidance
Bringing comfort to other investors
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European Investment Bank

4. Investment requirements are large
EU infrastructure: € 1.5 trillion for
TEN-T network: € 550 billion until 2020
Source: EC transport white paper (2011)
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European Investment Bank

5. European Investment Bank
EIB’s PPP financing
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European Investment Bank

6. Loan guarantee instrument for TEN- T LGTT
Joint EC and EIB instrument
Guarantee to cover revenue shortfalls in early years of operation
Ensures that promoter is in a position to pay debt service
Result is a more attractive project for lenders and cheaper finance
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European Investment Bank

7. Project Bond Initiative
SPV
Project
Costs
Project
Bonds
Target rating
minimum A-
Bond Issue and
underwriting
Project Bond Investor
Sub-debt
Equity & Quasi-equity
up to 20% of total Bond issue
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European Investment Bank

8. Technical and financial advice
Project appraisal – focusing on sound projects
JASPERS
JESSICA
European PPP Expertise Centre: EPEC
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European Investment Bank

9. Thank you for your attention
24/04/2017
European Investment Bank