IMPORTANCE OF HIGH QUALITY TECHNICAL ASSISTANCE FOR A
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IMPORTANCE OF HIGH QUALITY TECHNICAL ASSISTANCE FOR A COMPETITIVE RAILWAY NETWORK Mihai Frumosu Ph. D, MBA MSc CEng MIMech. E 14 March 2018 European Investment Bank Group 1
EIB – THREE PILLARS Lending Blending • Project loans • Advising Structured finance • Intermediated loans • Guarantees • Venture capital • Microfinance • Project bonds • Equity and fund investments • Innov. Fin – EU Finance for Innovators • Transport infrastructure • JEREMIE: Flexible SME funding Advising • Infrastructure project advice • ESIF Financial Instruments • New projects • Supporting urban development (JESSICA) • ESIF Financial Instruments • Mutual Reliance Initiative • Public-private partnership • Private Finance for Energy Efficiency • Sustainable energy • Innov. Fin Advisory • Natural Capital Financing Facility • NER 300 – Green tech support • Guarantee Fund for Greek SMEs 02/11/2020 (PF 4 EE) European Investment Bank Group 2
Advising in Romania • Project Advisory Support Service Agreement (PASSA) • with the Ministry of EU Funds (MEF) • with ANAP • ADVISORY HUB Mo. H 3 County Hospitals • JASPERS 02/11/2020 European Investment Bank Group 3
MEF PASSA • EIB Experts – 5 full time • Third parties 9, 625, 500 EUR • 18 signed contracts, around 30 for the whole period • Signed on the 15 th of July 2016, • Duration: 42 months 02/11/2020 European Investment Bank Group 4
PASSA – purpose Support Romanian authorities to implement the Large Infrastructure Operational Programme: • Support programme management • Support project implementation • Improve governance (ex-ante conditionalities) • Capacity building 02/11/2020 European Investment Bank Group 5
Ex-ante conditionalities • Performance Contracts • National Contracts • Creation of the Railway Reform Authority • Developing a plan to increase the managerial capacity of the Beneficiaries 02/11/2020 European Investment Bank Group 6
National Contracts • Standard contracts • Balanced contract • Univocal and simple • Efficient mechanism for solving problems and disputes 02/11/2020 European Investment Bank Group 7
Performance Contracts CFR – National Railways • Compliance with national Law harmonized with EU Directive 34/2012 • Firm list of projects with deadlines • Performance indicators for operations and maintenance • Multi-annual financial framework 02/11/2020 European Investment Bank Group 8
Creation of Railway Reform Authority • Implementation of the National Transport Masterplan • Compliance with EU Regulations and Directives on Railway Passenger Services • Network Restructuring • Purchase of modern rolling stock • Technical Assistance and transfer of skills 02/11/2020 European Investment Bank Group 9
Network Restructuring Study • First consulting assignment in the last 10 years awarded on technical offer - 70% • Developing Terms of Reference and Tender documentation • Procurement Support • Technical Assistance for implementation 02/11/2020 European Investment Bank Group 10
Modern Rolling Stock for Romania • 400 MEUR European funds co-financed by EIB with possibility of extension • Feasibility Study and Application for EU funds • Procurement Support • Update of Passenger Service Contracts 02/11/2020 European Investment Bank Group 11
2020 and beyond • Support the Beneficiaries (CFR, RRA, Metrorex) • Project Preparation, • Procurement, and • Implementation • Develop the managerial capacity • Training • Procedures and Systems • Institutional Strengthening 02/11/2020 European Investment Bank Group 12
Results? • Highly Capable Beneficiaries (CFR, RRA, Metrorex) • Procedures and Systems • Performance management, • Able and motivated Human Resource • Training • Management by Objectives • Motivation 02/11/2020 European Investment Bank Group 13
Thank you! 02/11/2020 European Investment Bank Group 14
