Evaluation of Railway Projects in the European Union
Evaluation of Railway Projects in the European Union
Evaluation of Railway Projects in the European Union
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EUROPEAN INVESTMENT BANKOPERATIONS EVALUATION (EV)In 1995, Operations <strong>Evaluation</strong> (EV) was established with <strong>the</strong> aim <strong>of</strong> undertak<strong>in</strong>g ex-postevaluations both <strong>in</strong>side and outside <strong>the</strong> <strong>Union</strong>. Self-evaluation was <strong>in</strong>troduced <strong>in</strong> 1999.With<strong>in</strong> EV, evaluation is carried out accord<strong>in</strong>g to established <strong>in</strong>ternational practice, and takesaccount <strong>of</strong> <strong>the</strong> generally accepted criteria <strong>of</strong> relevance, efficacy, efficiency and susta<strong>in</strong>ability. EVmakes recommendations based on its f<strong>in</strong>d<strong>in</strong>gs from self-evaluation and ex-post evaluation. Thelessons learned should improve operational performance, accountability and transparency.Self-evaluation, based on a project scorecard system, is carried out by <strong>the</strong> operational directorates.EV coord<strong>in</strong>ates this process, and prepares an <strong>in</strong>dependent annual self-evaluation report.Each ex-post evaluation <strong>in</strong>volves an <strong>in</strong>-depth evaluation <strong>of</strong> selected <strong>in</strong>vestments follow<strong>in</strong>g which asyn<strong>the</strong>sis report is produced and sent to <strong>the</strong> Management Committee. The ManagementCommittee <strong>the</strong>n decides if <strong>the</strong> report is to go to <strong>the</strong> Board and be published on <strong>the</strong> EIB Website, <strong>in</strong>keep<strong>in</strong>g with <strong>the</strong> importance <strong>the</strong> Bank attaches to transparency.The follow<strong>in</strong>g <strong>the</strong>matic ex-post evaluations have been published on <strong>the</strong> EIB Website :1. Performance <strong>of</strong> a Sample <strong>of</strong> N<strong>in</strong>e Sewage Treatment Plants <strong>in</strong> <strong>European</strong> <strong>Union</strong> MemberCountries (1996 - available <strong>in</strong> English, French and German)2. <strong>Evaluation</strong> <strong>of</strong> 10 Operations <strong>in</strong> <strong>the</strong> Telecommunications Sector <strong>in</strong> EU Member States (1998 -available <strong>in</strong> English, French and German)3. Contribution <strong>of</strong> Large Rail and Road Infrastructure to Regional Development (1998 - available <strong>in</strong>English, French and German)4. <strong>Evaluation</strong> <strong>of</strong> Industrial <strong>Projects</strong> F<strong>in</strong>anced by <strong>the</strong> <strong>European</strong> Investment Bank under <strong>the</strong>Objective <strong>of</strong> Regional Development (1998 - available <strong>in</strong> English, French and German)5. An <strong>Evaluation</strong> Study <strong>of</strong> 17 Water <strong>Projects</strong> located around <strong>the</strong> Mediterranean (1999 - available <strong>in</strong>English, French, German, Italian and Spanish).6. The impact <strong>of</strong> EIB Borrow<strong>in</strong>g Operations on <strong>the</strong> Integration <strong>of</strong> New Capital Markets. (1999 –available <strong>in</strong> English, French and German).7. EIB Contribution to Regional Development A syn<strong>the</strong>sis report on <strong>the</strong> regional developmentimpact <strong>of</strong> EIB fund<strong>in</strong>g on 17 projects <strong>in</strong> Portugal and Italy (2001 – available <strong>in</strong> English (orig<strong>in</strong>alversion), French, German, Italian and Portuguese (translations from <strong>the</strong> orig<strong>in</strong>al version)).8. <strong>Evaluation</strong> <strong>of</strong> <strong>the</strong> risk capital operations carried out by <strong>the</strong> EIB <strong>in</strong> four ACP countries 1989-1999(2001 - available <strong>in</strong> English (orig<strong>in</strong>al version), French and German (translations from <strong>the</strong> orig<strong>in</strong>alversion)).9. EIB f<strong>in</strong>anc<strong>in</strong>g <strong>of</strong> energy projects <strong>in</strong> <strong>the</strong> <strong>European</strong> <strong>Union</strong> and Central and Eastern Europe (2001-available <strong>in</strong> English (orig<strong>in</strong>al version), French and German (translations from <strong>the</strong> orig<strong>in</strong>alversion))10. Review <strong>of</strong> <strong>the</strong> Current Portfolio Approach for SME Global Loans (2002 – available <strong>in</strong> English(orig<strong>in</strong>al version), French and German (translations from <strong>the</strong> orig<strong>in</strong>al version)).11. EIB F<strong>in</strong>anc<strong>in</strong>g <strong>of</strong> Solid Waste Management <strong>Projects</strong> (2002 – available <strong>in</strong> English (orig<strong>in</strong>alversion), French and German (translations from <strong>the</strong> orig<strong>in</strong>al version)).12. <strong>Evaluation</strong> <strong>of</strong> <strong>the</strong> impact <strong>of</strong> EIB f<strong>in</strong>anc<strong>in</strong>g on Regional Development <strong>in</strong> Greece (2003 – available<strong>in</strong> English (orig<strong>in</strong>al version) and French (translation from <strong>the</strong> orig<strong>in</strong>al version)).13. <strong>Evaluation</strong> <strong>of</strong> Transport <strong>Projects</strong> <strong>in</strong> Central and Eastern Europe (2003 – available <strong>in</strong> English(orig<strong>in</strong>al version).
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