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Cohesion Policy Project Appraisal 2021-2027, CBA, and Economic Appraisal (Basic and Advanced)
This (2-stage) 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 clarify the link between the Cost-Benefit Analysis (CBA) Guide, CBA requirements and using the Vademecum.
For 2021-2027, major projects are no longer specifically defined. Nor will there be an EU approval mechanism for large investment projects co-financed under Cohesion Policy. However, Member states are still obliged to select the most cost-effective projects.
The new Economic Appraisal VADEMECUM provided by the EC for the period 2021-2027 is provided as a supplement to the European Commission (DG REGIO) CBA Guide, which will remain in use. It recommends proportionate efforts in project appraisal and highlights good sectoral practices. It offers a guide to simplified CBA and other appraisal techniques, such as cost-effectiveness tests and multi-criteria analyses.
Course methodology
This 5-day course has 2 stages: basic and advanced. You can book the 5-day course (full course), or one of the stages (modules).
Stage 1 (Basic)
Stage 1 is over two half-days and it will cover the methods, concepts and calculations contained in the DG REGIO Cohesion Policy CBA Guide.
Stage 2 (Advanced)
Stage 2 spans three half-days. Leading experts from the European Commission, the European Investment Bank and the academic world will discuss:
- best practice in using CBA for project appraisal
- best practice lessons from Major Projects
- the new DG REGIO requirements
- alternative project appraisal techniques; project quality standards, 2021-2027
- Using CBA for other instruments, such as the Connecting Europe Facility
The course 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.
Key elements will be practised during workshops with the direct involvement of our EC, EIB and academic experts. We will clarify when and how to use CBA in the 2021-2027 period.
Who will benefit most?
- Managing and audit authorities, intermediate bodies and relevant agencies, under Cohesion Policy;
- Beneficiaries eligible for Structural Funds, the Cohesion Fund, CEF and IPA III;
- auditors and consulting companies, academics;
- RRF and other actors involved in EU funding programmes and projects.
Project number: 2430209
Online Course
For this online course we make use of Zoom
Senior Project Officer
Ms Rafaella Giussani
Tel: +31 43 32 96 372
r.giussani@eipa.eu
Discounts
EIPA member fee
EIPA offers a discount to all civil servants working for one of EIPA’s supporting countries, and civil servants working for an EU institution, body or agency
Who are the supporting countries?
Civil servants coming from the following EIPA supporting countries are entitled to get the reduced fee: Austria, Belgium, Bulgaria, Cyprus, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden.
For all other participants, the regular fee applies
Early bird discount
The early bird discount is not cumulative with other discounts or promo codes, except for the EIPA member fee.
Loyalty coupon
As a token of appreciation we offer all our participants a loyalty coupon for one of our future courses. The offer can be shared with colleagues and relevant networks. The coupon will expire one year after its release. This discount is not cumulative with other discounts, except for the EIPA member fee.
Confirmation
Confirmation of registration will be forwarded to participants on receipt of the completed online registration form.
Payment
Prior payment is a condition for participation.
Cancellation policy
For administrative reasons you will be charged € 50 for cancellations received within 7 days before the activity begins. There is no charge for qualified substitute participants.
EIPA reserves the right to cancel the activity up to 1 week before the starting date. In that case, registration fees received will be fully reimbursed.
A few days before the start of the course you will receive the log-in details for accessing the course materials. You can log in here.
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Programme
Stage 1 (Basic): The essence of the DG REGIO CBA Guide: Cost-Benefit Analysis Methods and Calculations for EU co-financed projects | |
DAY 1 | |
08.45 | Opening of Online platform |
09.00 | Welcome and Opening of the course Marco Lopriore, Expert, EIPA |
09.05 | Introduction to the programme, method, objectives Tour de Table Robin Smail, Visiting Expert EIPA and Independent Consultant (IE/UK) (former National Expert EC; and former Senior Executive within Evaluation Division, Scottish Enterprise) |
09.15 | Using CBA for Major Projects and large investments under Cohesion Policy
Robin Smail |
10.10 | Break-out groups: demand factors by sector |
10.30 | Short Coffee break |
10.50 | The financial analysis, project viability tests
Robin Smail |
11.45 | Virtual Coffee Break |
12.00 | Break-out groups: discounting exercise |
12.20 | Workshop: Tram Project – building a spreadsheet for the financial analysis
|
13.10 | End of Day 1 |
DAY 2 | |
08.45 | Opening of Platform |
09.00 | Review of day 1 issues |
09.10 | Cost estimations and incremental analysis for the Financial Analysis
Robin Smail |
09.50 | Case study (Slovakia) – financial analysis and tests |
10.05 | The Economic analysis
Robin Smail |
10.50 | Coffee break |
11.10 | Case study (continued) – economic analysis and tests |
11.30 | Break-out rooms: Risk Factors |
11.50 | The Risk and Sensitivity analyses; other steps
Robin Smail |
12.15 | Short Coffee break |
12.20 | Example: Road Project Sensitivity Analysis |
12.30 | Case study (continued) – risk and sensitivity |
12.45 | Workshop: Accounting for revenues, sound financial management
Robin Smail |
13.05 | Case study (continued) – calculating the funding gap and the EU grant |
13.15 | Case for Study (optional) |
13.20 | End of Day 2 |
Stage 2 (Advanced): Cohesion Policy Project Appraisal standards in 2021-2027; Using CBA and Economic Appraisal | |
DAY 3 | |
08.45 | Opening of Platform |
09.00 | Opening of the course, Tour de Table Marco Lopriore |
09.10 | Introduction to the programme, method, objectives |
09.20 | Project Appraisal of Investment Projects under Cohesion Policy and other policy instruments
Robin Smail |
10.10 | Cohesion Policy: Eligibility of Expenditure 2021-2027
Marco Lopriore |
10.40 | Virtual Coffee Break and meeting our Guest speaker |
11.05 | Discussion: Member State issues and measuring Economic Benefits |
11.30 | Using CBA in Cohesion Policy, the new VADEMECUM for 2021-2027, EIB methodology for project appraisal
Witold Willak, Head of Unit, DG ECFIN L.1, Coordination with the EIB group, EBRD and IFIs (Formerly of DG REGIO – responsible for Major Projects), European Commission |
13.00 | Q&A session |
13.15 | End of day 3 |
DAY 4 | |
12.45 | Opening of Platform |
13.00 | Review of issues Meeting our guest speaker |
13.10 | The new guiding principles 2021–2027 for the CBA methodology
Giorgio Watschinger, Senior Adviser, JASPERS Coordination & Capacity Building Division, European Investment Bank, Luxembourg (and/or colleague) |
14.10 | Case study 1: an application of MCA/CEA options analysis for GSM-R investment |
14.50 | Coffee Break |
15.10 | Economic evaluation of public investment projects co-financed by EU Funds in 2021 – 2027: CBA and simplified methodologies
Giorgio Watschinger |
16.10 | Short break |
16.20 | Case study 2: Simplified Cost Benefit Analysis for Energy Efficiency in buildings |
16.50 | Q&A and discussion of technical issues and challenges, possible solutions |
17.00 | End of day 4 |
DAY 5 | |
08.45 | Opening of platform |
09.00 | Review of outstanding conceptual and practical issues Meeting our guest speaker |
09.10 | The economic evaluation of public investment projects and the use of CBA: Part 1
Ginés de Rus, Professor of Economics, University of Las Palmas de G.C., and Affiliated researcher at FEDEA (Madrid) |
10.05 | Short Coffee break |
10.20 | The economic evaluation of public investment projects and the use of CBA: Part 1 (continued) Ginés de Rus |
11.05 | Short Coffee break |
11.20 | Workshop: optional Case for Study OR revenue-generating projects
Robin Smail |
11.40 | The economic evaluation of public investment projects and the use of CBA: Part 2
Ginés de Rus |
12.35 | The economic evaluation of public investment projects and the use of CBA: cases and issues Ginés de Rus |
13.10 | Q&A |
13.20 | Feedback on course |
13.25 | Close of course |