1 / 13

Adam McDonaugh European Investment Bank

The First MacKay Hannah Scottish Maritime Transport Conference. Maritime Transport: Scotland’s Sustainable Growth Opportunity . Adam McDonaugh European Investment Bank. FINANCING MARITIME INFRASTRUCTURE – THE EIB APPROACH Adam McDonaugh

alexavier-jacob
Download Presentation

Adam McDonaugh European Investment Bank

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The First MacKay Hannah Scottish Maritime Transport Conference Maritime Transport: Scotland’s Sustainable Growth Opportunity Adam McDonaugh European Investment Bank

  2. FINANCING MARITIME INFRASTRUCTURE – THE EIB APPROACH Adam McDonaugh Head of London Office European Investment Bank 28/10/2014 European Investment Bank European Investment Bank 2

  3. The European Investment Bank Group European Union’s long-term lending bank Set up in 1958 by the Treaty of Rome. Shareholders: 27 EU Member States EIB Group; European Investment Bank – EIB European Investment Fund - EIF 28/10/2014 European Investment Bank European Investment Bank 3

  4. EIB financing priorities Within the European Union: Economic and Social Cohesion and Convergence; Implementation of the Knowledge Economy; Development of Trans-European Networks (TENs); Protecting and Improving the Environment and Promoting Sustainable Communities; Support for SMEs; and Supporting Sustainable, Competitive and Secure Energy. Outside the EU: EU mandate for partner countries 28/10/2014 European Investment Bank European Investment Bank 4

  5. Changing emphasis Significant shift in direction in last two years: Climate change – new emissions policies EIB Reviews its energy and transport policies Financial crisis - EU Economic Recovery Plan Stepped up lending European Clean Transport Facility 28/10/2014 European Investment Bank European Investment Bank 5

  6. The new EIB transport lending policy Efficient use of all transport modes Tightened selection criteria for road and civil aviation sector projects (strong RDI, support to CO2 emissions reduction goal) Increased support for maritime transport, inland waterways, and intermodal terminals and urban transport In 2008, rail, urban and maritime transport projects accounted for about half of EIB lending to the transport sector, including about EUR 1 billion for maritime transport 28/10/2014 European Investment Bank European Investment Bank 6

  7. EIB approach to financing ports Existing ports - common user infrastructure rehabilitation/expansion (breakwater, access channel, maritime locks, navigation aids, quays) Existing ports - new terminals For container terminals: traffic commitment of shipping lines (transhipment hubs in particular) New ports Economic justification Environmental impact 28/10/2014 European Investment Bank European Investment Bank 7

  8. Improvement of hinterland transport connections Particularly rail, inland waterways, intermodal terminals Motorways of the Sea (MOS) Both vessels and port facilities on the MOS network New vessels Vessels to be operated on eligible routes EIB support for other maritime projects 28/10/2014 European Investment Bank European Investment Bank 8

  9. EIB financing Senior debt (lending to public port authority, private terminal operator, project finance vehicle) Equity (through participation in port sector investment funds) Risk sharing facilities (limited) Public and private borrowers 28/10/2014 European Investment Bank European Investment Bank 9

  10. Some EIB financed port projects Projects in the EU Jade Weser Container Terminal (infrastructure for a new deepwater container terminal) Rotterdam Port – Maasvlakte 2 (infrastructure for major extension) Puerto de Algeciras – Isla Verde (equipment for container terminal) Fos 2XL, Marseilles, France (infrastructure for two container terminals) Porti Italia (modernisation and upgrading of Italian ports) Pireaus Port II (container terminal expansion) Purchase of Ro-ro vessel (Baltic Sea and Western Europe Motorways of the Sea) Purchase of Ro-pax vessels (Spain-Italy & Italy-Greece Motorways of the Sea) Projects outside the EU Beria, Mozambique (improvement to access channel) Panama Canal (widening) Tangier Second Container Terminal, Morocco (superstructure and equipment) 28/10/2014 European Investment Bank European Investment Bank 10

  11. For more information… http://www.eib.org/ EIB London Office Royal Exchange Buildings EC3 V 3LF Tel: +020 7375 9660 28/10/2014 • 28/10/2014 European Investment Bank European Investment Bank • European Investment Bank 11 • 11

  12. In 2008, EIB lending to maritime transport projects in the EU amounted to about EUR 900 m, including about EUR 180 m for shipping 28/10/2014 European Investment Bank European Investment Bank 12

  13. Total lending: EUR 57.6bn European Union: EUR 51.5bn Partner countries: EUR 6.1bn The European Investment Bank (EIB)2008 Key Figures 28/10/2014 European Investment Bank European Investment Bank 13

More Related