1 / 15

T.C. Barrett Development of European Infrastructure and National Research and Education Networks

T.C. Barrett Development of European Infrastructure and National Research and Education Networks Noordwijkerhout, 05 February, 2003. REGIONAL DEVELOPMENT AREAS. Objective 1 Objective 1. Transitional support ( until 31.12.2005 o r 31.12.2006 ). Special p rogramme. Objective 2

lerner
Download Presentation

T.C. Barrett Development of European Infrastructure and National Research and Education Networks

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. T.C. Barrett Development of European Infrastructure and National Research and Education Networks Noordwijkerhout, 05 February, 2003

  2. REGIONAL DEVELOPMENT AREAS Objective 1 • Objective 1 • Transitional support(until31.12.2005or31.12.2006) • Special programme Objective 2 • Objective 2 Economic and social cohesion • Objective 2(in part)

  3. EUROPEAN COMMMUNICATION INFRASTRUCTUREEUR 44bn (1997-2001) 25% 52% 7% 16% • Land-basedtransport • Air transport • Sundry • Tele-com. Arteries of the single market

  4. TENs networkSectionfinancedOtherinfrastructureTransport corridors,CECSectionfinanced Road/Rail AirportAir trafficmanagement PortIntermodal freight centre ElectricityGasOil/Gas platform TRANS-EUROPEAN NETWORKS ANDEUROPEAN TRANSPORT CORRIDORSEIB financed projects

  5. Mid-range bond issues have expanded at the expense of AAA and below-BBB Bond issues by the corporate sector: Distribution of S&P ratings Source: IFR Platinum

  6. Telecoms and transportation equipment account for rise in corporate bond issues Bond issues in euros by the corporate sector, EURbn Source: IFR Platinum

  7. EIB’s approach to PPPs • Policy driven institution • Expand resources available for “infrastructure” investment • Facilitating greater private sector investment • Various forms of PPPs across Europe

  8. EIB principles • Non-exclusivity through bidding stage • Importance of the tender process • Benefits to the end-users • Close cooperation with the public sector • Complementarity with banks and capital markets

  9. “Must” for successful PPPs • Legal and institutional framework • Transparent+competitive procurement • Focused, dedicated and experienced public sector team • Realistic risk sharing.Government support package

  10. EIB role • Accompanying all players on the new playground • Bringing in experience from other business environments • Applying principles of successful PPP interventions to specific situations

  11. Financing options • Senior debt products • “Structured Finance Facility” • Construction finance or refinancing • Co-financings with banks or capital markets (including monoline insurers) • Diversity of interest rate products

  12. EIB added value • Long loan maturities and grace periods • Low cost of funds • Large senior debt stakes (no syndication) • Flexible structures • Multisectoral know-how and geographical spread • Deal making experience • Catalyst for other funding

  13. THE EIB LENDS TO • Public and private sector bodies and enterprises. • Directly for projects larger than EUR 50m. • Indirectly - for smaller projects, between EUR 50m and EUR 40 000, e.g.through banks, in the form of a Global Loan credit line or through the EIF’s equity participations. Subject to adequate security

  14. Technically sound Eligible for EIB finance Financially viable Show an acceptable economic return Comply with environmental protection and procurement regulations Have adequate security PROJECT REQUIREMENTS: Projects should be: A project assessment with many facets

  15. Address : 100, Boulevard Konrad Adenauer, L-2950 Luxembourg Contact : Thomas C. Barrett, Director Tel : 00.352.43.79.54.30 Fax : 00.352.43.79.54.82 e-mail : t.barrett@eib.org http://www.eib.org

More Related