Financing ERTMS with the Connecting Europe Facility

Transcription

1 Control Command and Railway Communication Conference Lille, 12 November 2013 Financing ERTMS with the Connecting Europe Facility Stéphane Ouaki European Commission, DG Mobility and (DG MOVE) 1

2 New funding framework 3 sectors:, Energy, Telecom Stronger concentration of financial support on EU added-value projects Exploitation of cross-sectoral synergies Higher emphasis on the use of innovative financial instruments 2

3 Budget for transport 26.2 billion for TEN-T (-40% vs EC) European Council agreement 7-8 February 2013 EP resolution backed the agreement. Vote on the MFF Regulation end expected to be positive. 14.9bn available to all Member States 11.3bn to be transferred from the Cohesion Fund To be allocated exclusively to projects in Cohesion Fund eligible Member States Respect of National allocations under the Cohesion Fund until end 2016 Specific Programme support actions for MS experiencing difficulties in proposing projects To be spent via: Grants Innovative financial instruments ( 2 billion estimated market uptake)

4 The Connecting Europe Facility: eligibility % of available budget for pre-identified projects listed in Annex 1 4 horizontal priorities (including ERTMS) 9 core network corridors and other important cross-border and bottleneck sections delegated act foreseen to amend list % for other projects of the core and comprehensive networks and for financial instruments

5 TEN-T Corridors Baltic-Adriatic North Sea - Baltic Mediterranean Orient/East Med Scandinavian-Mediterranean Rhine-Alpine Atlantic North Sea - Mediterranean Rhine-Danube 5

6 up to 20% for investments in general up to 30% for bottlenecks (only for rail and inland waterway) up to 40% for cross-border projects (only for rail and inland waterway) up to 50% for studies CEF co-financing rates: for ERTMS: up to 50% for land-based and for on-board components up to 20% for new technologies and innovation up to 85% for the 10bn transferred from the Cohesion Fund 6

7 ERTMS deployment under the CEF CEF support to ERTMS to be focused on Core Network and Corridors Cohesion Fund and ERDF to support deployment on comprehensive network For on-board equipment, focus on Innovative financial instruments Deployment of version 3.0 and upgrade towards 3.0. Corridors, in parallel with ground deployment 7

8 Main features of the 2014 Work programmes and calls 1 MAP for the 10bn transferred from Cohesion Fund, only for Cohesion MS 1 MAP for the 28 EU MS ERTMS priority to be included in the 2 MAPs 1 AP for the 28 EU MS The size of the calls will be adjusted on the basis of MS project pipelines Will be done in cooperation with MS authorities and DG REGIO, especially for Cohesion MS

9 2 types: CEF - Financial instruments Equity (Marguerite) Risk-sharing instruments to provide loans and/or guarantees (such as LGTT or Project Bonds) Combination of innovative financial instruments (e.g. Project bonds) and EU direct support (i.e. grants) to optimise the impact of financing Possibility to top up the CEF financial instruments: MS (directly or through Structural Funds), other EU funds and/or investors Possibility to use the Risk Sharing Finance Facility (RSFF) and its successor under Horizon Dedicated instrument to finance projects with high technological or innovation risk. Possibility of specific model for ERTMS: toll-bridge financing model Specific Technical support from the EIB or external consultants can be financed through CEF support actions.

10 Financial instruments under the CEF How? Management of FIs under the CEF Implementation by financial partners (EIB) in accordance with Financial Regulation Possible combination of innovative financial instruments and grants to optimise the impact of financing Possibility for MS (directly or through Structural Funds), other EU funds and/or investors to top up the CEF financial instruments Role of EU and EIB EU determines general eligibility criteria (TEN-T Guidelines + CEF article 7) EU helps develop project pipeline where appropriate EIB selects specific projects using standard eligibility criteria and credit risk policies, select type of support EU and EIB share risk, but EU risk capped at budgetary contribution, no contingent liabilities. Building institutional capacity for PPPs in MS

11 Finalising the TEN-T Programme

12 Amendments of the TEN-T 2013 programs (AWP and MAP) MAP Call 2013 (with a budget of 280 million) in the fields of : Preparatory studies in the area of Core Network ( 50 million) European Rail Traffic Management Systems ( 70 million) Motorways of the Sea ( 80 million) Air Traffic Management ( 30 million) Intelligent Systems ( 50 million) AWP Call 2013 (with a budget of 70 million) in the fields of: Measures to promote innovation and new technologies for transport infrastructure and facilities contributing to decarbonisation or the reduction of external costs in general

13 Actions will focus on: ERTMS Call 2013 facilitating and speeding up implementation of the European Deployment Plan, in particular on the corridor sections that shall be equipped by 2015 and on cross-border sections, on tracks and on board vehicles, upgrading lines and vehicles maintaining the test specifications

14 THANK YOU FOR YOUR ATTENTION! 14