Zbornik radova Koridor 10 - Kirilo Savić

3rd International Scientific and Professional Conference
CORRIDOR 10 - a sustainable way of integrations
4. CO-FINANCING PROJECTS FROM EU COHESION FUNDS
In order to reduce the existing differences and ensure a steady and sustainable development of all
States of the European Union, and in particular of all its regions, the EU has developed its regional
policy. Structural and Cohesion Funds are also part of regional policy. Regional Policy of the
European Union, along with structural and cohesion funds is a major instrument of solidarity in the EU,
through which the EU contribute to more balanced development of the whole territory of the EU and
overcome development gaps between regions.
Slovenia is also eligible for funding from the Cohesion Fund in financial perspective 2007-2013.
The project is suitable for co-financing from the Cohesion Fund, if the financial NPV is negative and
economic NPV positive. The project should contribute to the economic development of the region or
country, and must be included in the Operational Programme of Environmental and Transport
Infrastructure Development for 2007-2013.
It has to be noted that all countries for these projects have to provide part of the funds themselves and
thus close the financial construction of the project.
For financial perspective 2007-2013, Institute of Traffic and Transport Ljubljana prepared the CBA for
the following railway infrastructure projects, which were or will be financed from the Cohesion Fund:
- Modernization of existing railway line Divača-Koper,
- Reconstruction, electrification and upgrade of the Pragersko-Hodoš railway line for 160 km/h
and modernization of level crossings and implementation of subways at stations,
- Implementation of digital radio system (GSM-R) on Slovenian railway network.
In the calculations, we took into account all the guidelines of the European Commission to make CBA
and we also calculated the corresponding share of EU co-financing. The calculations have been
checked and verified by the technical assistance JASPERS (Joint Assistance to Support Projects in
European Regions), which operates within the framework of the European Commission.
The basis for the calculation of the corresponding share of co-financing from EU funds is the financial
analysis of the project and identification of eligible project costs.
The level of assistance is based on the "funding gap” of the project, which is the proportion of
discounted costs of initial investment, which is not covered by the discounted net revenue of the
project. The calculation of the funding gap is produced by the method shown in the tables below.
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