Objectives and Description. The objective of the Preparation Installment is to reinforce DRC’s capacities to design a socially and environmentally sound national strategy to reduce emissions from deforestation and forest degradation (REDD+) and to develop a national reference scenario of emissions from deforestation and degradation that takes into account national circumstances. The Preparation Activities consist of the following parts: Part 1: Support to the Coordination of the REDD+ Readiness Process and Multi-Stakeholder Consultations
(a) Supporting the establishment of national and provincial-level institutions to be responsible for coordinating the overall REDD+ Readiness process in the Recipient’s territory including the day to day management of the REDD+ National Coordination and capacity building to the members of these institutions; and
(b) implementing the Consultation, Participation and Information Plan (CPI Plan), aimed to inform and raise awareness of key stakeholders regarding REDD+ and to ensure an overall participative REDD+ process, including: (i) the production of various forms of informational material on REDD+; (ii) the review of the national education program to integrate climate change and REDD+ issues into the curriculum of national education programs.
(a) Strengthening the capacity of the National REDD+ Coordination to lead and prepare the strategy, including financially supporting the national REDD+ coordination and national and international consultants involved in the design of the strategy;
(b) carrying out legal and institutional analysis associated with the establishment of a national REDD+ regime; including establishing a national REDD+, a legal and institutional assessment of options for implementing a national REDD+ framework. The conceptualization of an integrated excellence center on climate aiming to xxxxxx knowledge production and dissemination on issues related to forests and climate change will also be supported; and
(c) conducting a Strategic Environmental and Social Assessment (SESA) of the national REDD+ process, encompassing carrying out an analysis of the social and environmental risks of the preliminary national REDD+ strategy, and drafting an Environmental and Social Management Framework (ESMF); with the aim of: i) identifying potential environmental and social safeguards issues and risks arising from the national REDD+ strategy and its implementation framework; ii) influencing the process of preparation of the national REDD+ strategy by ...
Objectives and Description. 1.1 General objectives
Objectives and Description. The 2003 Phare External Border Initiative for Bulgaria has been designed following bilateral discussions between the Bulgarian authorities and the European Commission’s representatives. The objectives of the 2003 Phare External Border Initiative for Bulgaria are: • to improve cross-border co-operation at local level between Bulgaria and Serbia & Montenegro, FYROM and Turkey; • to support the further development of the economic potential of the border regions; • to pave the way for the future (2004-2006) Phare CBC/Neighbourhood programmes between Bulgaria and (i) Serbia & Montenegro (ii) Former Yugoslav Republic of Macedonia and (iii) Turkey. It focuses on 3 projects:
(1) Phare 2003/000-632.01: Construction of the Access Road to Strumiani - Berovo Border Crossing between Bulgaria and FYROM (€2.72 million) The project aims at reducing isolation of border regions and encourage investments and cross-border trade through improved communication link, developing of both regional and national economic co- operation and preparing of Bulgarian border regions for the implementation of the structural policies applied by the EU Member States through the development of strategies and programmes for sustainable social and economic development. The project will facilitate: • the increased traffic flow between Bulgaria and Macedonia through the new BCCP Strumiani – Berovo; • strengthening the co-operation between the two border regions at local level. The main municipality from the Bulgarian side concerned with the need for construction of a suitable approach road to the proposed new Cross Border Checkpoint is Strumiani: • development of the natural potential for tourism of this attractive area and thus provide the conditions for economic and social exchange between the border regions; • time and operating cost savings, improved traffic safety and comfort. The proposed project consists of rehabilitation and new construction of approx. 30 km of a III class approach road to the new “Strumiani - Berovo” Border Crossing Check Point between Bulgaria and Macedonia. The existing Third Class Road No 1008, with asphalt pavement, separates from Road E-79, Sofia – Kulata at Strumiani village, km 0+000 and continues in west direction up to road junction to Tsaparevo, km 15+398. The rehabilitation section follows the existing road III-1008 from Strumiani to road junction Tsaparevo. The new road is a continuation of the existing road. From km 15+398 to km 30+198 there is an earth road w...
Objectives and Description. 1. The objective of the Universal is to facilitate access to project and corporate financing by using Union funding as leverage in order to contribute to overcoming deficiencies of the European debt capital markets, including market imperfections, sub-optimal investment situations or particular investment needs constituting a barrier for obtaining financing on reasonable conditions, as further described for each Financing Category in the relevant Schedule.
2. The Universal may be implemented in the form of Direct Operations or Indirect Operations. For Indirect Operations the implementation is on a delegated basis, via Financial Intermediaries entering into Sub-Operations or Final Recipient Transactions complying with predefined eligibility criteria, as set out in the relevant Schedule.
3. Under Universal, Operations may take the form of Debt Type Operations or NSF Type Operations.
Objectives and Description. 1. The objective of the Cleaner Transport is to facilitate access to project and corporate financing
(a) regarding sustainable freight transport services in line with Article 32 of the TEN-T Regulation, and/or
(b) in order for the Trans-European Network of Transport to keep up with innovative technological developments and deployments in line with Article 33 of the TEN-T Regulation, in particular regarding nodes of the core and comprehensive networks as listed in Annex II of the TEN-T Regulation and the deployment of alternative fuels infrastructure along the core and comprehensive trans-European transport networks, including, without limitation, green shipping, in both cases (a) and (b), in order to support ‘projects of common interest’ as defined in Article 3 of the TEN-T Regulation.
2. The Cleaner Transport may be implemented in the form of Direct Operations or Indirect Operations. The Operations may be funded or unfunded.
3. Under the Cleaner Transport, Operations may take the form of Debt Type Operations or NSF Type Operations.
Objectives and Description. 1. The objective of the Traffic Management Systems is to facilitate access to project and corporate financing in order to support “projects of common interest” as defined in Article 3 of the TEN-T Regulation that have a component consisting of the deployment of the “European Rail Traffic Management System”, the “intelligent transport system”, the “Vessel Traffic Monitoring and Information Systems”, the “River Information Services” and the “SESAR system” in line with Article 31 of the TEN-T Regulation.
2. The Traffic Management Systems is implemented in the form of Direct Operations or Indirect Operations. The Operations may be funded or unfunded.
3. Under the Traffic Management Systems, Operations may take the form of Debt Type Operations or NSF Type Operations.
Objectives and Description. 1. The objective of the Connecting Infrastructure is to facilitate access to project and corporate financing in order to support ‘projects of common interest’ as defined in Article 3 of the TEN-T Regulation or Article 2 of the Energy Regulation or Article 2 of the Telecommunications Regulation. ‘Projects of common interest’ as defined in Article 3 of the TEN-T Regulation include, without limitation:
(a) implementing the core and comprehensive network in accordance with Chapter II and III of the TEN-T Regulation, including relating to urban nodes, maritime ports, inland ports and rail-road terminals of the core network as defined at Annex II to the TEN-T Regulation;
(b) implementing cross-border links of the comprehensive network in accordance with Chapter II of the TEN-T Regulation;
(c) implementing sections of the comprehensive network located in outermost regions in accordance with Chapter II of the TEN-T Regulation, including relating to the relevant urban nodes, maritime ports, inland ports and rail-road terminals of the comprehensive network as defined at Annex II to the TEN-T Regulation;
(d) supporting projects of common interest in order to connect the trans- European network with infrastructure networks of neighbouring countries as defined in Article 8(1) of the TEN-T Regulation;
(e) supporting motorways of the sea as provided for in Article 21 of the TEN-T Regulation;
(f) supporting urban nodes, in accordance with Article 30 of the TEN-T Regulation;
(g) supporting telematic applications systems, including for safety purposes, in accordance with Article 31 of the TEN-T Regulation;
(h) supporting freight transport services in accordance with Article 32 of the TEN- T Regulation;
(i) supporting new technologies and innovation, including automation, enhanced transport services, modal integration and alternative fuels infrastructure, in accordance with Article 33 of the TEN-T Regulation;
(j) implementing safe and secure infrastructure and mobility, including road safety, in accordance with Article 34 of the TEN-T Regulation; and
(k) improving transport infrastructure accessibility for all users in accordance with Article 37 of the TEN-T Regulation.
2. The Connecting Infrastructure may be implemented in the form of Direct Operations or Indirect Operations. The Operations may be funded or unfunded.
3. Under the Connecting Infrastructure, Operations may take the form of Debt Type Operations or NSF Type Operations.
Objectives and Description. 1. The objective of the TF is to catalyse investments in areas of policy focus with high risk in order to contribute to overcoming deficiencies of the European debt capital markets, including market imperfections, sub-optimal investment situations or particular investment needs constituting a barrier for obtaining financing on reasonable conditions, as further described for each Financing Category in the relevant Schedule.
2. The TF is deployed in the form of Direct Operations only. In accordance with the second paragraph of Article 1.1 of Annex 8, the TF is deployed in the form of NSF Type Operations only.
3. Operations under TF shall typically have a higher risk profile than Operations under Universal and EIB regular financing (including Special Activity).
4. Due to the specific characteristics of the Financial Instrument and with reference to Articles 3.2 and 3.6 of the FAFA and the first paragraph of Article 6 I Part III Annex I of the Legal Basis, EIB’s rules, policies and procedures applied to operations it carries out at its own risk shall not be applicable to the Operations under the TF, including the provisions of the CRG and pricing and valuation methodology applicable to operations EIB carries out at its own risk. The EIB shall apply the provisions laid down in the general mandate risk principles for impact finance mandates, included in the relevant section of the CRG. When applying the provisions referred to in this paragraph, the EIB shall:
a) make a Qualitative Assessment of the soundness of the investment rationale and plausible business viability of such Operations; and
b) set a pricing of the Operations using its expert judgement, taking into account its Qualitative Assessment and consistent with the mandate’s objectives and if applicable, after reviewing the pricing of co-financiers taking similar risk to the TF on the operations. In accordance with the first paragraph of Article 6 I Part III Annex I of the Legal Basis, the Operations shall bear a price in line with best market practices. However, for the TF, the Commission and the EIB acknowledge that there is no established market for this type of financing operations. An adjusted financial monitoring, restructuring and recovery management from that applicable to operations the EIB carries out at its own risk shall be applicable to the Operations. In addition, due to the specific nature of the Operations, a tailor made valuation method may be applied for the Operations using discount ra...
Objectives and Description. 1. The objective of Future Mobility is to catalyse investments in areas of policy focus with high risk in order to support ‘projects of common interest’ as defined in Article 3 of the TEN-T Regulation or Article 2 of the Energy Regulation or Article 2 of the Telecommunications Regulation, including, without limitation, projects that contribute to the increased deployment of alternative fuels, such as mobile asset financing (e.g. light and heavy vehicle financing) and the deployment of related infrastructure.
2. The Operations may be funded or unfunded.
Objectives and Description. Political criteria Economic criteria Ability to assume the obligations of membership
