EU funds for roads - CEDR

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Page 62 / 80 ANNEX 3: Titles of currently open EU funded programmes in non-EU countries relating to transport • CEB – VICTIMS OF NATURAL & ECOLOGICAL DISASTERS • CIP-3 INTELLIGENT ENERGY EUROPE • CIP-3 INTELLIGENT ENERGY EUROPE – INTEGRATED INITIATIVES • CIP-3 INTELLIGENT ENERGY EUROPE – SAVE • CIP-3 INTELLIGENT ENERGY EUROPE – STEER • CIVITAS II • DG ENTERPRISE GRANTS PROGRAMME • ESPON 2013 • EU CIVIL AVIATION COOPERATION • EUREUA • FP7- EU FRAMEWORK PROGRAMME FOR RESEARCH, TECHNOLOGICAL DEVELOPMENT AN DEMOSTRATION ACTIVITIES • FP7- CAPACITIES • FP7- COOPERATION • FP7- COOPERATION – 10 SECURITY • FP7- COOPERATION – 7 TRANSPORT • FP7- COOPERATION – 9 SPACE • FP7- IDEAS – EUROPEAN RESEARCH COUNCIL • FP7 – PEOPLE • GRANTS IN THE FIELD OF TRANSPORT (Transport – Energy – Environment) • INOGATE • INTELLIGENT CAR INITIATIVE • IPA-2 CROSS BORDER COOPERATION • IRA-3 REGIONAL DEVELOPMENT • JASPERS • MANAGENERGY • MARCO POLO II • PILOT PROJECT ON SAFETY TEN-T • PRIZE – EUROPEAN MOBILITY WEEK AWARD • PRIZE – EUROPEAN SOLAR PRIZE • PUBLIC DIPLOMACY AND OUTREACH IN CANADA • REHABILITATION & RECONSTRUCTION OF AFGHANISTAN EU funds for roads
Page 63 / 80 ANNEX 4: Fact-sheet for the loan guarantee instrument for trans- European transport network projects What is the LGTT? LGTT is the acronym for Loan Guarantee Instrument for Trans-European Transport Network Projects, an innovative financial instrument set up and developed jointly by the European Commission and the European Investment Bank (EIB) that aims to facilitate a larger participation of the private sector involvement in the financing of Trans-European Transport Network infrastructure (‘TEN-T’). What are the objectives of the LGTT? This new instrument facilitates private sector involvement in core European transport infrastructure, which often faces difficulties in attracting private-sector funding due to the relatively high levels of revenue risk in a project’s early operating stages. The LGTT, which is part of the EU’s TEN-T programme and the EIB’s Action for Growth initiative, partially covers these risks and consequently significantly improves the financial viability of a project. The LGTT is financed with a capital contribution of €1 billion (€500 million each from the Commission and the EIB), which is intended to support up to €20 billion of senior loans. The LGTT aims to facilitate investment in TEN-T projects by significantly improving the ability of the borrower to service senior debt during the initial operating period or ‘ramp-up’ phase of the overall project and of its initial traffic revenue. Its design substantially enhances the credit quality of the senior credit facilities, thereby encouraging a reduction of risk margins applied to senior loans to the project. These savings should surpass the cost to the borrower of the guarantee, resulting in a financial value-added for the project. Which transportation projects can benefit from the LGTT? Projects or part of a project of common interest in the field of transport in the framework of Decision No 1692/96/EC (the ‘TEN-T Project’) compliant with Community laws and for which financial viability is based in whole or in part, on revenues, tolls or other user-charges based income. How much financing can the LGTT provide? The stand-by liquidity facility guaranteed by the LGTT should not normally exceed 10% of the total amount of the senior debt (up to 20% in exceptional cases e.g. high traffic volatility during the ramp-up period with strong indication of stabilised traffic and acceptable debt service capacity post ramp-up). The amount of the guarantee is subject to a maximum ceiling of €200 million per project pursuant to the EIB Structured Finance Facility rules (‘SFF’). The SFF is the EIB’s main facility for increased risk taking, established in order to support projects of European importance including large-scale infrastructure schemes. What risks does the EIB take under the LGTT scheme? Under the LGTT, the EIB will accept exposure to higher financial risks than under its normal lending activities. In effect, if the EIB guarantee is called upon by the stand-by liquidity facility (‘SBF’) providers at the end of the availability period, then the EIB would reimburse the SBF providers and become a subordinated lender to the project but ahead of any payment to the equity providers and related financings. EU funds for roads
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Page 10 / 80 1.1.2 EU funds for non
Page 12 and 13: Page 12 / 80 • Post-accession fun
Page 14 and 15: Page 14 / 80 25 20 15 10 2007-2013
Page 16 and 17: Page 16 / 80 - National governments
Page 18 and 19: Page 18 / 80 The EIB makes long-ter
Page 20 and 21: Page 20 / 80 In addition to its usu
Page 22 and 23: Page 22 / 80 Recent EIB initiatives
Page 24 and 25: Page 24 / 80 1.2 EU funds for roads
Page 26 and 27: Page 26 / 80 o Other Funds The Euro
Page 28 and 29: Page 28 / 80 - - - - PPP/concession
Page 30 and 31: Page 30 / 80 Considering the limits
Page 32 and 33: Page 32 / 80 Design Construction Ma
Page 34 and 35: Page 34 / 80 40 35 30 25 20 15 10 5
Page 36 and 37: Page 36 / 80 Country profiles Annex
Page 38 and 39: Page 38 / 80 2008, 2009 application
Page 40 and 41: Page 40 / 80 2.1.1 The allocation o
Page 42 and 43: Page 42 / 80 Fig. 19: Estonia - E26
Page 44 and 45: Page 44 / 80 The competent EC Servi
Page 46 and 47: - The Page 46 / 80 After discussion
Page 48 and 49: Page 48 / 80 The preparation of a
Page 50 and 51: Page 50 / 80 Such issues are: ♦
Page 52 and 53: Page 52 / 80 Fig. 22: Slovenia - Be
Page 54 and 55: Page 54 / 80 - An analysis of the p
Page 56 and 57: Page 56 / 80 e) The eligibility of
Page 58 and 59: Page 58 / 80 The allocation of thes
Page 60 and 61: Page 60 / 80 ANNEX 2: Information o
Page 64 and 65: Page 64 / 80 Once the EIB has becom
Page 66 and 67: Page 66 / 80 Funding of road projec
Page 80: Ref: CEDR report 2010/01 TDManageme
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EU funds for roads - CEDR

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