Cohesion Policy Project Appraisal standards in 2021-2027; Using CBA; The Connecting Europe Facility - Online Course 04 - 10 November 2020
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Online Course
Cohesion Policy Project Appraisal
standards in 2021-2027; Using CBA;
The Connecting Europe Facility
04 - 10 November 2020
www.eipa.eu
Erasmus+
Description
About this online course Who will benefit most?
This 4-morning online course will focus on the new project • Beneficiaries eligible for Structural Funds, the
appraisal requirements for EU co-financed investment Cohesion Fund, CEF and IPA III, Managing authorities,
projects and the new Economic Appraisal Vademecum intermediate bodies, auditors and consulting
of DG REGIO. It will also see how this compares to the companies;
ongoing Cost-Benefit Analysis (CBA) requirements for the • Other actors involved in EU funding programmes and
Connecting Europe Facility. projects.
In the new draft Common Provisions Regulation What you will learn in this course
for Cohesion Policy, Major Projects are replaced by The training will present principles, methods and criteria
Operations of Strategic Importance, while large which can be used by public decision-makers. It will help
investment projects are no longer subject to an EU them to better understand what information is required
centralised approval mechanism. Nor is there an explicit in order to assess the financial and economic viability of
mention of using Cost-Benefit Analysis. However, an investment project, and so make the best co-financing
significant obligations regarding the selection of decisions in 2021–2027. It will also show us how to avoid
operations will remain in force, with a major shift of mistakes.
responsibilities from the EU to Member States.
Key elements will be practised during workshops with
At the national level, establishing and enforcing the the direct involvement of our EC, INEA, EIB and JASPERS
methodology and criteria for the selection of operations experts. You will receive the most relevant information
will continue to be part of the remit of the Managing about the future use of CBA in the post-2020 period.
Authority and the Monitoring Committee.
Notably, Article 67 of the draft Common Provisions
Regulation (CPR) indicates that in selecting operations
the Managing Authority shall:
• ensure that selected operations present the best
relationship between the amount of support, the
activities undertaken and the achievement of
objectives;
• verify that the beneficiary has the necessary
financial resources and mechanisms to cover
operation and maintenance costs.
The former requirement means that the cost-benefit
ratio of a project should be optimised; the latter
demands an analysis of the long-term sustainability of
the project. Article 67 therefore indicates that rigorous
project appraisal techniques must be applied in project
selection, and that CBA should still be used for the
selection of larger projects.
For the next programming period 2021–2027, a new
Economic Appraisal VADEMECUM will be provided
by the EC, to support Member States. It will highlight
good practices in project appraisal, offering a guide to
simplified CBA, and other appraisal techniques, such as
cost-effectiveness tests and multi-criteria analyses.
In this online course, experts from the European
Commission, the European Investment Bank, JASPERS
and INEA (the Innovation and Networks Executive
Agency) will discuss:
• best practice in using CBA for project appraisal
• best practice from Major Projects
• the new DG REGIO requirements
• alternative project appraisal techniques; project
quality standards, 2021-2027
• Operations of Strategic Importance (OSI)
• Using CBA under the Connecting Europe Facility
Programme
WEDNESDAY 4 NOVEMBER 2020 11.15 The economic evaluation of public investment
projects and the use of CBA
08.30 Opening of Online platform • Objectives, content and practical use of CBA
Guides: What is CBA and why do we need it?
09.00 Opening of the seminar: introduction to the • Making decisions about major investments –
programme, method, objectives maximising changes in Social Welfare
Marco Lopriore, Expert, EIPA • Steps in the economic evaluation of projects
Ginés de Rus, Professor of Economics, University
09.10 Policy context for Cohesion Policy 2021-2027 of Las Palmas. Research Director of Infrastructure
and Emergency Health Crisis measures and Transport, FEDEA.
• New legal framework of the CPR; Emergency
Multi-Annual Financial Framework (MFF) 12.00 Break-out groups: risk factors
• Link to the European Semester, National
Reform Programmes and economic 12.15 The economic evaluation of public investment
governance projects and the use of CBA (continued)
• Country-specific Recommendations and • the economic evaluation of projects; selected
Country Reports 2019 and 2020 (Annex D) evaluation techniques
• new Amending regulations 2014-2020 and • assessing the economic viability of projects in
2021-2027 2021-2027
Marco Lopriore • the treatment of risk and uncertainty
Ginés de Rus
Part I – Project appraisal techniques and using CBA
for ESI Funds: 2014-2020 and 2021–2027 13.00 Q&A
9.30 Cohesion Policy and investment projects co- 13.15 End of Day 1
financed by EU Funds in the programming
period 2021–2027: draft regulations and state
of play of negotiations
• Key changes to Cohesion Policy, 2021-2027
• Financing investment projects, revenue-
generating projects THURSDAY 5 NOVEMBER 2020
• Major Projects, CBA, economic impact
assessment 08.45 Opening of Platform
Robin Smail, Visiting Expert EIPA and
Independent Consultant (IE/UK) (former 09.00 Review of Day 1
National Expert EC; and former Senior Executive
within Evaluation Division, Scottish Enterprise) 09.05 The financial analysis, project viability tests
• project appraisal principles: rationale,
10.00 Break-out rooms: project appraisal in Member demand, feasibility, options
States • Affordability, sustainability, viability
• Discounting; calculating the FNPV and FRR/
10.15 Cohesion Policy and investment projects co- IRR
financed by EU Funds in the programming • Financial tests for EU support, using FNPV,
period 2021–2027: draft regulations and state FRR/IRR
of play of negotiations Robin Smail
• Project selection and project appraisal
• Combining grants and loans: Financial 09.45 WORKSHOP: Metro Project – building a
Instruments, EFSI, CEF, InvestEU spreadsheet for the financial analysis
• Public-private partnerships • Capital Costs, Residual Value, Fixed and
Robin Smail Variable Costs
• Discount rates; calculating the FNPV and FRR/
10.45 Virtual Coffee break – Tour de table; meeting IRR
our Guest speaker Robin Smail
10.15 Virtual Coffee Break and meeting our Guest
speakerProgramme
10.45 The importance of CBA in the decision-making MONDAY 9 NOVEMBER 2020
process of Cohesion Policy
• The role of CBA and CBA guides to date Part II – Cost-Benefit Analysis and alternative appraisal
• The experience of Major Projects’ sectors in techniques: a European Investment Bank (EIB) /
2014-2020 JASPERS perspective
• Best practice in 2014-2020
• Key issues for good project applications 08.45 Opening of Platform
Witold Willak, Acting Head of Unit F.1
Competence Centre Closure and Major Projects, 09.00 Review of issues from days 1 & 2
DG Regional and Urban Policy, European and meeting our Guest speaker
Commission
09.10 The new guiding principles 2021–2027, CBA
11.40 Short break method and issues
• Using the new VADEMECUM
11.50 WORKSHOP: Revenue-generating projects – • CBA versus other project appraisal techniques
the rules and the grant calculation, 2014-2020 • Cost-effectiveness analysis, multi-criteria analysis
• Understanding the funding gap • CBA and issues for project context and project
• Eligible and non-eligible costs design
• Revenues, tariffs, polluter-pays principle Davide Sartori, CBA specialist, European
• options for the grant calculation for revenue- Investment Bank, JASPERS – Networking and
generating projects Competence Centre. (Lead Author of the 2014
Robin Smail European Commission Guide to Cost-Benefit Analysis
of Investment Projects).
12.20 How to ensure quality of projects in simplified
Cohesion Policy 2021–2027 – the new 10.00 Break-out rooms: choosing the best appraisal
VADEMECUM and considerations for the method
programme authorities and beneficiaries
(contd). 10.15 The new guiding principles 2021–2027, CBA
• Plans for 2021-2027; OSI – Operations of method and issues (continued)
Strategic Importance • CBA and issues for project context and project
• The new Vademecum / Guide design
• Simplified CBA /Rapid CBA • Issues for the financial analysis – costs and
• Alternative appraisal techniques revenues, financial tests
• Phasing between programming periods Davide Sartori
• InvestEU perspectives
Witold Willak 10.45 Virtual Coffee Break and meeting our Guest
speakers
13.10 Q&A session
11.15 CASE STUDY: Cost–Benefit Analysis and appraisal
13.20 End of day 2 criteria for EU co-financed investment projects –
case study from the Energy Efficiency sector
• appraisal steps
• exercise in groups
• discussion of key issues
Massimo Merighi, European Investment Bank,
JASPERS – Technical Assistance in Energy, Warsaw
12.25 Economic evaluation of public investment
projects co-financed by EU Funds in 2021 – 2027
• Issues for the economic analysis – shadow prices,
valuation techniques
• Risk and sensitivity analyses
Davide Sartori
13.15 Break-out rooms: financial and economic tests
for EU and EIB co-funded projects
13.30 End of the third dayProgramme
TUESDAY 10 NOVEMBER 2020
Part IV – Practical workshops and case studies:
Part III – Cost-Benefit Analysis for the Connecting using CBA for EU co-financed investment
Europe Facility (CEF) projects
08.45 Opening of Platform 11.40 CASE STUDY: Research and Development
project – how to be efficient in the project
09.00 Review of Day 3 assessment process
and meeting our Guest speaker • Case study in R&D support
• How should managing authorities use CBA to
09.05 Assessing projects under the CEF find possible weaknesses/inconsistencies?
• CEF priorities • Calculating the level of co-financing
• how to effectively assess projects under CEF Davide Sartori
• the role of CBA in the process
• InvestEU and CEF 12.20 Break-out rooms: key appraisal issues for the
Julien Bollati, Financial Engineering Manager, project
Innovation and Networks Executive Agency
(INEA), European Commission 12.45 Discussion of technical issues and challenges,
possible solutions
10.00 Short break
13.15 Evaluation of online course
10.10 WORKSHOP: Working with Transport projects
(rail, waterways, road, air) and Alternative 13.20 Closure of online course
Fuels for Transport – CEF project assessment
• Project examples
• Common problems/issues
Julien Bollati
10.45 Virtual Coffee Break and meeting our Guest
speakers
11.05 WORKSHOP: Working with Transport projects
(rail, waterways, road, air) and Alternative
Fuels for Transport – CEF project assessment
(contd).
• Solutions
• Workshop feedback, results, discussion of
issues
Julien BollatiPractical Information
Online Course Registration
For this online course we make use of Zoom Kindly complete the online registration form which can
be found on EIPA’s website https://www.eipa.eu/courses/
Programme Organiser before 03 November 2020.
Ms Winny Curfs
Tel: + 31 43 3296320 Confirmation
w.curfs@eipa.eu Confirmation of registration will be forwarded to
participants on receipt of the completed online registration
Fee form.
EIPA Members’ fee: € 810,-
Regular fee: € 900,- Payment
Prior payment is a condition for participation.
Discounts
EIPA offers a 10% discount to all civil servants working Cancellation policy
for one of EIPA’s supporting countries, and civil servants For administrative reasons you will be charged €50 for
working for an EU institution, body or agency. cancellations received within 7 days before the activity
begins. There is no charge for qualified substitute
Who are the supporting countries? participants.
Civil servants coming from the following EIPA supporting
countries are entitled to get the reduced fee: Austria, EIPA reserves the right to cancel the activity up to 2
Belgium, Bulgaria, Cyprus, Czech Republic, Denmark, weeks before the starting date. In that case, registration
Finland, France, Germany, Greece, Hungary, Ireland, Italy, fees received will be fully reimbursed. EIPA accepts
Lithuania, Luxembourg, Malta, the Netherlands, Norway, no responsibility for any costs incurred (travel,
Poland, Portugal, Spain, Sweden, United Kingdom. accommodation, etc.).
For all other participants, the regular fee applies.
The information in this brochure is subject to change. Please
consult our website (www.eipa.eu) for the most recent
information regarding registration deadline, content of the
programme and related matters.
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