Cooperation of EIB with...

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Cooperation of EIB with Danube-countries

Chisinau

26 October 2017

European Investment Bank Group 26/10/2017

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EIB at a Glance 1

Cooperation of EIB with Danube-

countries

European Investment Bank Group

EIB products

EIB’s Contribution to Danube Initiative

26/10/2017

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The EIB: the EU bank

• Natural financing partner for the EU

institutions since 1958

• Largest multilateral lender and

borrower in the world

• Shareholders: 28 EU Member States

• HQ in Luxembourg with 44 local

offices

• Around 3000 staff (finance

professionals, engineers, sector

economists and socio-environmental

experts)

• Around 450 projects each year in

over 160 countries

• AAA-rated by the three major rating

agencies


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Scale of Bonds Issuance

Volume of issuance is

larger than all other

major supranational

banks …

… and compares with

that of certain EU

Governments

*Gross financing requirement for FY2015-16 / 2016-17

**Fiscal years from 1 July to 30 June

Source: Barclays research/ best efforts estimates as of 25 January 2017

Data collated from a mixture of official reports and bond market analysis systems such as Dealogic


The EIB Capital Breakdown

European Investment Bank Group 5 26/10/2017

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EIB Priorities in 2016

SMEs Infrastructure Environment Innovation

EUR

16.9bn

EUR

19.7bn

EUR

13.5bn

EUR

33.6bn


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EIB Group Activity Outside EU

Outside EU Lending EIB Group

EUR 83.8bn

Outside

EU

EUR

8.38bn

Eastern

Neighbours

EUR 1.65bn

Africa,

Caribbean,

Pacific, South

Africa

EUR 0.77bn

EFTA &

Enlargement

Countries

EUR 3.35bn

Southern

Neighbours

EUR 1.63bn

Asia and

Latin America

EUR 0.98bn

• The EIB finances projects in some 140 non-EU countries

• EIB lending outside the EU accounts for some 10% of its global activity

EIF in 2016:

EUR 9.45bn


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EIB in 2015:

EUR 77.5bn

Eastern Partnership Portfolio

EIB Investments per Country in Eastern

Partnership

EIB Investments per Sectors in Eastern

Partnership

Eastern

Partnership

Portfolio

2010 - 2016

EUR 7.0bn

2016

EUR

1.65bn

26/10/2017 European Investment Bank Group

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EIB Products 2


EIB at a Glance

EIB’s Contribution to Danube Initiative

26/10/2017


countries

EIB Products overview

26/10/2017 European Investment Bank Group 10

Product Concept Eligibility Counterpart

Lending

Direct Loan individual loan to one

borrower min. approx. EUR 25m

public and private

entities

Intermediated

loan

one financial intermediary

with one or multi-

Beneficiaries

SME and Midcaps loan

should be < EUR 12.5m

Programme

Loan

individual loans to several

borrowers

individual loans should be <

EUR 100m

Framework

loan

individual loans awarded

to multiple beneficiaries

through one borrower

individual loans should be <

EUR 50m (but can be less)

Blending Connecting

Europe Facility

(CEF)

grants for innovation and

new technologies for

transport

award is contingent on co-

financing with EIB, national

promotional bank or private

finance

EU Member

States/ promoters

with support from

Member State

Advisory

European

Advisory Hub

help to identify investment

needs, prepare and

structure projects in EU

projects can be appraised

by EIB

public and private

entities

ELENA

grants for technical

assistance for project

development

up to 90% of total technical

assistance costs

public and private

entities

EIB project cycle


We support sound and sustainable projects

EIB project cycle

Step 1 Proposal

Step 2 Appraisal

Step 3 Approval

Step 4

Signature Step 5

Disbursement

Step 6 Monitoring

and reporting

Step 7 Repayment

• Financial

• Economic

• Social

• Environmental

• Technical assessment

• EIB

Management

Committee

• EFSI Investment

Committee

• EIB Board of

Directors

• Finance contract is signed

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EIB’s Contribution to Danube Initiative 3


EIB at a Glance

EIB Products

26/10/2017


countries

EIB Transport Lending Policy

• published in 2011

• Purpose: provide information regarding

project eligibility and appraisal

• http://www.eib.org/attachments/strategies

/transport_lending_policy_en.pdf

• EIB seeks to focus on activities likely to

have the greatest impact on furthering

EU policy goals

• Priority to technologies and

infrastructures with the objective of

developing a more efficient and

sustainable European transport

system:

• Further use of renewable sources

• Contributing to reducing oil

dependency

• Enhancing competitiveness of the

European industry

European Investment Bank Group 13 26/10/2017

http://www.eib.org/attachments/strategies/transport_lending_policy_en.pdf

http://www.eib.org/attachments/strategies/transport_lending_policy_en.pdf

14

0

2

4

6

8

10

12

14

16

18

2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Sig

ned

am

ou

nt,

EU

R b

n

Transport operations signed in EU Member States (2007-2016)

EUR 124bn

Air Maritime Other Rail Roads, Motorways Urban

Air 8%

Maritime 10%

Other 0%

Rail 36%

Roads, Motorways

21%

Urban 25%

Transport operations signed in EU Member States (2016) EUR 10.6bn

Recent EIB lending (signed operations) some EUR 70bn per year.

On average, transport projects have constituted some 15%-20% of total lending.

EIB Support to Transport


Rhine-Danube TENT-T CNC


Source: EC

Rhine-Danube Rail Alignment


Rhine-Danube IWW Alignment


Rhine-Danube Road Alignment


EIB projects on the Rhine-Danube

TEN-T CNC


20

Thank you for your attention!


Austria (1/2)

Serapis N° Projects on RhD CNC Project Description EIB Loan Status Sector

2015-0779 HAFEN LINZ TEN-

INFRASTRUKTUR

Further development of the tri-modal (rail/road/inland

waterways) logistics platform in the inland Port of Linz 64.25 M€

Under

Appraisal

IWW/Multi-

modal

2014-0253 OEBB INFRASTRUKTUR

ERNEUERUNG Rehabilitation of rail infrastructure across Austria 600 M€

Fully

Disbursed Rail

2012-0198

OEBB AUSBAU

WESTBAHN PRIORITY

TEN-T

Expansion of capacity on the Westbahn railway (TEN-

T PP 17) corridor (St. Pölten, Ybbs, Linz) 600 M€

Fully

Disbursed Rail

2007-0460 OEBB WIEN

HAUPTBAHNHOF TEN

Construction of the new main railway station in

Vienna, at the junction of Priority TEN-T railway

corridors 17 (Paris-Vienna-Bratislava), 22

(Nürnberg/Dresden-Prague-Vienna-Budapest-

Athens/Constanta) and 23 (Gdansk-Warszawa-

Brno/Bratislava-Wien).

400 M€ Fully

Disbursed Rail


• AT – ASFINAG and OEBB dominate road

and rail sectors respectively

• Limited appetite for further (road) PPPs at a

national level

• EIB - Development of Linz port tri-modal

logistics platform project in 2016

Austria (2/2)

Serapis N° Projects on RhD

CNC Project Description EIB Loan Status Sector

2005-0387 TEN KNOTEN ST

POELTEN

Capacity extension and upgrading (additional

tracks on limited sections, ERTMS/ETCS

introduction, strengthened power supply) of a

mainline railway node situated in Lower Austria

on a Priority TEN

140 M€ Fully

Disbursed Rail

2002-0622 BAHNHOFSOFFENSIV

E

Renovation and modernisation of 11 mainline

railway stations throughout Austria 77 M€

Fully

Disbursed Rail

2002-0518 LOGISTIK CENTER

LINZ

Construction of a road/rail logistics centre for

itemised freight in Linz, Upper Austria 63 M€

Fully

Reimbursed

Rail /

Roads

2005-0598 AUSBAU FLUGHAFEN

WIEN

Construction of new passenger terminal facilities

and associated airside and landside

infrastructure

400 M€ Fully

Disbursed Airports

2004-0554 PPP OSTREGION

AUTOBAHN - PAKET 1

Planning, construction, financing and operation

of the south of the A5 (Northern Motorway) and

sections of the S2 (Vienna Northern Perimeter

Expressway) and the S1 (Vienna Outer Ring

Expressway).

350 M€ Fully

Disbursed Roads


Bulgaria / Croatia

Serapis N° Projects on RhD CNC EIB Loan Status Sector

No projects on Rhine – Danube TEN-T CNC


Czech Republic (1/2)


2011-0585

OPTIMISATION OF

BEROUN-ZBIROH-

ROKYCANY LINE

Optimisation of the Beroun - Zbiroh - Rokycany

railway. 76.96 M€

Fully

Disbursed Rail

2011-0029

PRAGUE RAILWAY

STATION-PLATFORMS I-

IV

Modernization of western part of Prague Main

Railway Station, part 2, platforms I - IV. Major

project under SPL.

372.40 M€ Fully

Disbursed Rail

1995-2123 RAIL CORRIDOR II

WARSAW-VIENNA

Modernisation de l'axe Varsovie-Ostrava-Vienne

(Corridor 2). 200 M€

Fully

Disbursed Rail

2007-0045 S&CF TRANSPORT

FRAMEWORK FACILITY

Railway and road projects included in the

Operational Programme Transport (OPT), part of

the Czech National Strategic Reference

Framework (NSRF) 2007-13.

1,234.93

M€

Fully

Disbursed Rail/Roads


• Operational Programme: Cohesion

Fund, ERDF and CEF dominate

• Framework loan/structural

programme loan operations?

Czech Republic (2/2)


2011-0033

ROAD

CONSTRUCTIONS D1

35 & R55 03

Motorway D1, construction 0135 Kromeriz East -

Rikovice, and Expressway R55, construction

5503 Skalka - Hulin. Major project under SPL.

160.51 M€ Fully

Disbursed Roads

2001-0252 PRAHA SOUTH-WEST

RING ROAD

Construction of the Southwest Section of the

Praha Ring Road and Related Links 315 M€

Fully

Disbursed Roads

1999-0292 PLZEN MOTORWAY BY-

PASS

Construction of the by-pass of the town of Plzen,

the missing link on the D5 motorway corridor

from Praha to Nürnberg

210 M€ Fully

Disbursed Roads


Germany (1/2)


2012-0631

CARGO

INFRASTRUCTURE

FRANKFURT (TEN-T)

New Cargo Terminal Facility at Frankfurt

Airport (TEN-T), to be built 2013 - 2018,

operated by Deutsche Lufthansa AG

250 M€ Under

Appraisal

Airports

2008-0112 FRANKFURT AIRPORT

A380 EXTENSION

Extension of the airport facilities to

accommodate the Airbus A380 aircraft

460 M€ Fully

Disbursed Airports

2012-0310 FRANKFURT FLUGHAFEN

TERMINAL 3

Extension of the existing Frankfurt Airport by a

third terminal building 400 M€

Approved by

the BoD

Airports

2014-0765

PROGRAMM

NAHVERKEHR BADEN-

WUERTTEMBERG

Programme loan for rolling stock and related

infrastructure for local and regional public

transport in Baden-Württemberg.

680 M€

Approved by

the

BoD/Partially

signed

Rail


• Federally financed, non-PPP projects have

traditionally not used EIB loans

• Roads sector – strong pipeline of PPPs. In

2016 operations in Bavaria (A6, A94)

• Rail sector – DB dominates

• IWW – federal financing

• Ports sector competitive

Germany (2/2) Serapis N° Projects on RhD CNC Project Description EIB Loan Status Sector

2009-0296 AUTOBAHN AUGSBURG

ULM PPP TEN

The project concerns the widening of a 41 km

section of the A-8 motorway between Ulm and

Augsburg from 2x2 to the 2x3 lane standard.

The 30 years concession will also include the

operation and maintenance a stretch of further

17km.

252 M€ Fully Signed Roads

2006-0364 AUTOBAHN A-5 PPP TEN

The project concerns the widening of a 41.5km

section of the A-5 motorway between Baden-

Baden and Offenburg from 2x2 to the 2x3 lane

standard. The concession will also include the

operation and maintenance a stretch of further

18.3km (Malsch-Baden-Baden).

225 M€ Fully

Disbursed Roads


France


2015-0234

GRAND

CONTOURNEMENT

OUEST DE STRASBOURG

(A355)

The project consists of the construction of a 24km

motorway by-passing the city of Strasbourg by the

west. It will connect the A4 motorway, located in the

north of Strasbourg, to the A35 and the A352, in the

south.

280.35 M€ Approved by

the BoD Roads


Hungary (1/2)


2015-0371 ROAD NETWORK

MODERNIZATION

Rehabilitation, upgrade and construction of

priority sections of the national road network in

Hungary.

500 M€ Project

underway Road

2015-0042

INSTALLATION OF

GSM-R RADIO

NETWORK SYSTEM

GSM-R

GSM-R radio network system is planned to be

implemented along the main railway lines on a

length of 935 km, consisting of the main

international corridors and other TEN-T lines

(Phase 1 of GSM-R implementation on the

Hungarian railway network).

10.71 M€ Approved

BoD Rail

2015-0040

MODERNISATION

SZOLNOK - SZAJOL

RAILWAY LINE

The project is a major allocation under Cohesion

Fund FL III Phasing Rail Investments and

consists of the modernisation of the Szolnok -

Szajol railway line section.

11.34 M€ Approved

BoD Rail


• Operational Programme and CEF

• No current political support for further PPPs

• New operations in 2016: • GYSEV Modernisation (rail),

• Road network modernisation (roads)

Hungary (2/2) Serapis N° Projects on RhD CNC Project Description EIB Loan Status Sector

2015-0203

MODERNISATION OF

GYOMA BEKESCSABA

LINE SECTION

The project is a major allocation under Cohesion

Fund FL III Phasing Rail Investments and

consists of the modernisation of Cegléd traction

substation, the line section Gyoma (excl.) -

Békécsaba (incl.) and the ETCS installation

between Budapest - Lokösháza, country border.

52.47 M€ Approved

BoD Rail

2015-0006 COHESION FUND FL IV

Co-financing priority investments under the

Transport and the Energy&Environment

Operational Programmes and CEF in the current

EU programming period (2014-2020).

340 M€ Approved

BoD

Rail /

Urban

transport

2014-0278

COHESION FUND FL III

PHASING RAIL

INVESTMENTS

Rehabilitation and reconstruction of various

investments in the railway sector benefitting from

Cohesion Fund phased in the transitory period

between 2007-13 and 2014-2020

184.91 M€ Fully

Signed Rail

2002-0164 RAILWAYS III (ISPA) Financing of rail rehabilitation investments on a

portion of Pan European Transport Corridor IV. 40 M€

Fully

Reimbursed Rail

2010-0634 M0 BUDAPEST RING

ROAD M1-M5 SECTION .

M0 Budapest Ring Road M0, section between

M1 and M5 motorways. 101.70 M€ Fully signed Roads

2010-0163

MOTORWAY M43

SZEGED-MAKO (FL

20040589)

Construction of the Motorway M43 between

Szeged and Makó. Operation related to the

Cohesion Fund Framework Loan (2004-0589) as

an individual allocation ("major project

procedure").

130.52 Fully

Disbursed Roads

2004-0042 BUDAPEST RINGROAD

M0

Further extension of Budapest's M0 ring road

connecting from the M5 to the M3 junction (incl.

the Gödöllö connection/M31).

70 M€ Fully

Disbursed Roads


Romania (1/2)


2015-0712 EU-COFINANCING FOR

TRANSPORT 2014-20

Structural Programme Loan to co-finance

transport investments under the Large

Infrastructure Operational Programme 2014-

2020 in Romania.

1000 M€ Initiated Multi-

sector

2011-0290 RAIL BORDER-KM 614

(FL20080170)

Rehabilitation and upgrading of the existing line

between the Romanian-Hungarian border and

km 614 (Pan European Corridor IV), over

approximately 41km, increasing line speed from

120 to 160km/h.

49.60 M€ Underway Rail

2001-0413

RAILWAYS REHAB.

PROJECT ON

CORRIDOR IV

The project includes the rehabilitation and

modernization of the 184 km railway line from

Curtici (Hungarian border) to Simeria, along Pan-

European corridor IV, to reach maximum speeds

of 160 km/h.

300 M€ Fully

disbursed Rail

2000-0540 SULINA CANAL BANK

PROTECTION

Improvement of navigation conditions on the

Danube Delta 38 M€

Fully

disbursed

IWW


• Operational Programme and CEF

• EU fund absorption and EIB loan

disbursement

• EIB Structural Programme Loan for 2014-

2020 OP Large Infrastructure transport

(signing in 2017)

• Bucarest Metro projects

Romania (2/2)


2015-0262 BUCHAREST SOUTH

RING ROAD PPP

Construction and operation of the Bucharest

South Ring Road and rehabilitation, operation

and maintenance of the Bucharest-Constanta

and the Bucharest-Pitesti Motorways

300 M€ Initiated Roads

2011-0287

CONSTRUCTION OF

NADLAC-ARAD

MOTORWAY

Construction of 39 km of dual two lane motorway

on a new alignment from Nadlac to Arad. 43 M€

Fully

disbursed Roads

2011-0289 LUGOJ-DEVA

MOTORWAY


on a new alignment from Lugoj to Dumbrava,

including an 11 km link road to Lugoj.

4.6 M€ Underway Roads

2011-0286 ORASTIE-SIBIU

MOTORWAY


on a new alignment from Orastie to Sibiu. 39.70 M€ Underway Roads

2011-0288

TIMISOARA-LUGOJ

MOTORWAY

(FL20080170)


on a new alignment from Timisoara to Lugoj and

a 9.5 km bypass of Timisoara to motorway

standards.

25.60 M€ Fully

disbursed Roads

2004-0605

MOTORWAY

CERNAVODA -

CONSTANTA

The project consists of the construction of 52.1

km of a 2x2 motorway on the Pan-European

corridor IV between the cities of Cernavoda and

the Black Sea port of Constanta and a 22.2 km

2x2 motorway by-pass of Constanta.

250 M€ Fully

disbursed Roads

2002-0091 ARAD-TIMISOARA-

LUGOJ MOTORWAY AFI

Construction of a motorway including one bypass

along Pan European Corridor IV 200 M€

Fully

disbursed Roads

1999-0068 ROMANIAN

MOTORWAYS

Rehabilitation and completion of the construction

of 247km of motorway on Pan-European corridor

IV.

210 M€ Fully

Disbursed Roads


Slovakia (1/2)

Serapis N° Projects on RhD CNC Project Description EIB

Loan Status Sector

1999-0136 SLOVAKIAN RAILWAYS

MODERNISATION

Upgrading of railway network infrastructure (including

TENs corridors V and VI) and rolling stock, and

upgrading of telecommunications network.

200 M€ Fully

reimbursed Rail

2012-0023 ZILINA TEPLICKA

MARSHALLING YARD Subproject under NDP Framework Loan II 15.40 M€

Fully

disbursed Rail

2011-0396 RAILWAY ZILINA -

KRASNO

Major project under framework loan "NDP Framework

Loan II" (20060030) 15.15 M€

Fully

disbursed Rail


• SK – OP and CEF

• D4R7 PPP

• Financial close in 2016

• Potential use of Operational

Programme Financial Instruments

(3% of OP)

• Station upgrades, D1 motorway,

Bratislava port

• Potential operations: Future road PPPs,

rolling stock, airport-rail link (Bratislava),

urban transport in municipalities?

Slovakia (2/2) Serapis N° Projects on RhD CNC Project Description EIB Loan Status Sector

2014-0465 SLOVAKIA TRANSPORT

FRAMEWORK FACILITY

Co-financing of investments in the transport sector

under Slovakia's Operational Programme Integrated

Infrastructure and CEF 2014-2020

669.60 Approved

BoD

Rail/Roads/

IWW

2015-0059 D4R7 SLOVAKIA PPP

Design, construction and financing of approximately

27 km of the D4 motorway around Bratislava, which

will connect to the R7 expressway and is to be

procured as part of the D4R7 PPP.

427 M€

Approved

BoD

Roads

2014-0157 D1 HUBOVA - IVACHNOVA

(FWL 2006-0030)

The project consists of the construction of a new 15.3

km section of the D1 motorway between Hubova and

Ivachnova in Slovakia.

10.63 M€ Under

Appraisal Roads

2012-0165 D1 JANOVCE-JABLONOV

(FWL 2006-0030)

Construction of a new 18.5 km section of the D1

motorway between Janovce and Jablonov in Slovakia. 70 M€

Fully

disbursed Roads

2012-0166 D1 FRICOVCE-SVINIA

Construction of approximately 11 km of a new dual

carriageway motorway section, as part of the D1

motorway, between Fricovce and Svinia in eastern

Slovakia.

15 M€ Fully

disbursed Roads

2004-0430 SLOVAK NATIONAL

MOTORWAY COMPANY

The project aims at completing the motorway

connection from Bratislava to Zilina and concerns a

section of 9.6 km on the D1.

180 M€ Fully

Reimbursed Roads

2001-0588

MOTORWAY AND

EXPRESSWAY

PROGRAMME

Programme of improvements to the road

infrastructure. 350 M€

Fully

Disbursed Roads

2000-0234 EUROPEAN ROADS V Construction of 4 km of dual 2-lane urban motorway

(D 61) in the south of the city of Bratislava 40 M€

Fully

Disbursed Roads


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