This 4-morning online course will focus on the new project appraisal requirements for EU co-financed investment projects and the new Economic Appraisal Vademecum of DG REGIO. It will also see how this compares to the ongoing Cost-Benefit Analysis (CBA) requirements for the Connecting Europe Facility.
In the new draft Common Provisions Regulation for Cohesion Policy, Major Projects are replaced by Operations of Strategic Importance, while large investment projects are no longer subject to an EU centralised approval mechanism. Nor is there an explicit mention of using Cost-Benefit Analysis. However, significant obligations regarding the selection of operations will remain in force, with a major shift of responsibilities from the EU to Member States.
At the national level, establishing and enforcing the methodology and criteria for the selection of operations will continue to be part of the remit of the Managing Authority and the Monitoring Committee.
Notably, Article 67 of the draft Common Provisions Regulation (CPR) indicates that in selecting operations the Managing Authority shall:
The former requirement means that the cost-benefit ratio of a project should be optimised; the latter demands an analysis of the long-term sustainability of the project. Article 67 therefore indicates that rigorous project appraisal techniques must be applied in project selection, and that CBA should still be used for the selection of larger projects.
For the next programming period 2021–2027, a new Economic Appraisal VADEMECUM will be provided by the EC, to support Member States. It will highlight good practices in project appraisal, offering a guide to simplified CBA, and other appraisal techniques, such as cost-effectiveness tests and multi-criteria analyses.
In this online course, experts from the European Commission, the European Investment Bank, JASPERS and INEA (the Innovation and Networks Executive Agency) will discuss:
Who will benefit most?
What you will learn in this course
The training will present principles, methods and criteria which can be used by public decision-makers. It will help them to better understand what information is required in order to assess the financial and economic viability of an investment project, and so make the best co-financing decisions in 2021–2027. It will also show us how to avoid mistakes.
Key elements will be practised during workshops with the direct involvement of our EC, INEA, EIB and JASPERS experts. You will receive the most relevant information about the future use of CBA in the post-2020 period.
4 Nov 2020 @ 08:30 am
10 Nov 2020 @ 01:25 pm
Duration: 6 days, 4 hours