JESSICA implementation in Greece Szczecin, 10 April 2013

JESSICA implementation in Greece
Christos Kontogeorgos
JESSICA and Investment Funds
Szczecin, 10 April 2013
European Investment Bank
Structure of JHFG

National HF managed at central level

The competent MA is the Special Service for
Coordinating the OPs

Total amount contributed is EUR 258m from:

5 ROPs

1 sectoral OP (“Environment and Sustainable
Development”) whose ERDF funds are
addressing Objective 1 Regions

13 priority axes in total

Call for EoI for the selection of UDFs structured on
the basis of regional allocation of resources

The governance structure incorporates the regional
dimension of JHFG

Regional Governors participate with a voting
right in the IB meetings when region-specific
matters are discussed (e.g. selection of
UDFs, execution of OAs etc.)

Representatives of Regional MAs participate
in the Investment Committees of the UDFs
(as observers)
European Investment Bank
OP Environment &
Sustainable
Development (EUR 10m)
1
JHFG Milestones

Signature of the Funding Agreement (Jul 2010)

Launching the Call for EoI for selection of UDFs
(March 2011)

Signature of Operational Agreements (Nov 2011
– Feb 2012)

Submission of state aid pre-notification to DGCOMP (Feb 2012)

Publications of calls for selection of urban
projects (Apr – May 2012)

Official submission of first investment proposal
(Jun 2012)

Submission of state aid notification to DG-COMP
(Jul 2012)

Establishment of new Investment Board (Oct
2012)

EC Decision on the state aid scheme of JHFG
(Dec 2012)

Selection of Independent Experts (Jan 2013)
European Investment Bank
1
OP Environment &
Sustainable
Development (EUR 10m)
1
Process for Selection and Approval of Urban Projects
Final Beneficiary
Submission of Investment
Proposal
UDF Management
Evaluation on the basis of
Pass/Fail criteria
Evaluation on the basis of
Selection criteria
Approval by UDF Investment
Committee
Completion of project
preparatory activities (licenses,
permits etc.)
Monitoring and controlling the
completion of preparatory
activities
Submission of analytical
Business Plan
Financial viability assessment
Signature of Project Funding Agreement
2
JHFG operational activity (as of 31 March 2013)

Review of 361 potential urban projects

154 projects have been removed from the pipeline (inactive)

207 urban projects are in the current pipeline with available estimated
budget of approx. EUR 1.1b…


...out of which 41 have been submitted with an estimated total
budget of EUR 402m (EUR 170m JESSICA funds); and

…out of which 96 are expected to be submitted with an estimated
total budget of EUR 454m within Q2-Q3 2013
18 projects approved so far (EUR 83m JESSICA funds)
3
Regional analysis of submissions
No of urban project submissions
per region / OPESD
Budget of submitted urban projects
per region / OPESD (in m€)
6
2
1
53
1
10
4
1
16
1
9
2
15
4
2
11
13
226
14
3
34
6
OPESD 2
OPESD 7
European Investment Bank
4
Analysis of submissions per sector
Leading sectors:

Urban infrastructure related activities (18
projects related to urban infrastructure,
brownfield redevelopment and urban renewal)

Education (3 PPP projects regarding the
development, operation and maintenance of 38
schools in Athens and Thessaloniki)
followed by:

Culture & Tourism (7 projects regarding the
development of sports facilities, culture facilities
and hotels)

Health (3 projects regarding the development of
medical treatment facilities)

Energy (7 projects related to energy efficiency
measures and production of biofuel)

Industrial / Commercial facilities (3 projects
related to business parks and 1 project related
to commercial activities)
European Investment Bank
5
Approvals (as of end March 2013)



18 projects approved so far
 Attica → 5 (education, culture, urban
infrastructure)
 Crete → 2 (urban infrastructure)
 Thessaly → 2 (urban regeneration)
 W. Macedonia → 1 (health)
 W. Greece → 1 (urban infrastructure)
 Central Macedonia → 1 (education)
 E. Macedonia & Thrace → 1
(brownfield redevelopment)
 North Aegean → 1 (brownfield
redevelopment)
 Mainland Greece →
2 (energy
efficiency)
 Peloponnese → 2 (energy efficiency,
tourism)
Total estimated Budget → EUR 233m
Expected JESSICA allocations → EUR 83m

In accordance with recommendations of
the UDFs, the approved projects are
compliant with the eligibility criteria:

Revenue generating

Included in IPSUDs

Compliance with the provisions of
the relevant priority axes

Project evaluation based on exhaustive
sets of additional criteria taking into
consideration
financial,
social,
environmental and project maturity
related parameters

Socio-economic benefits
European Investment Bank

Improved urban environment

Access
to
social
(education, health)

Employment (2,318 jobs)
services
6
Project pipeline
Budget of urban projects in UDFs
pipelines per region / OPESD (in m€)
Urban projects in UDFs pipelines per region / OPESD
33
13
96
20
15
61
11
14
5
34
64
2
5
72
104
10
OPESD
7
16
26
3
130
36
6
4
48
OPESD
166 urban projects in UDFs
pipelines as of March 2013
13
Total available budget of urban projects in UDFs
pipelines as of March 2013 approx. (€682m)
European Investment Bank
7
... of which expected submissions up to Q3 2013
No of expected submissions
Budget of expected submissions (in m€)
29
6
50
10
51
7
6
7
5
14
57
2
5
72
56
9
OPESD
2
16
17
3
32
27
3
4
48
OPESD
96 urban projects in total
13
Total budget approx. €455m
European Investment Bank
8
European Investment Bank
JESSICA and Investment Funds
98-100, bd. Konrad Adenauer
L-2950, Luxembourg
www.eib.org/jessica
European Investment Bank
9