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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.

About this course

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.

In 2021-2027, Major Projects will no longer be specifically defined. Nor will there be an EU approval mechanism for large investment projects. 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.

This 5-day course has 2 stages: basic and advanced.

Stage 1 (Basic) will cover the methods, concepts and calculations contained in the DG REGIO Cohesion Policy CBA Guide.

In Stage 2 of the course (Advanced), 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 from Major Projects
  • the new DG REGIO requirements
  • alternative project appraisal techniques; project quality standards, 2021-2027
  • Operations of Strategic Importance (OSI)
  • Using CBA for other instruments, such as the Connecting Europe Facility

If you do not wish to participate in Stage 1, you can register for the 3-day advanced course only.

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.

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.

  • Managing authorities, intermediate bodies, 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.

Online Course
For this online course we make use of Zoom

Programme Organiser
Ms Nancy Vermeulen
Tel: +31 43 32 96 212
n.vermeulen@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, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, 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.

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, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden.

For all other participants, the regular fee applies.

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.

Download the brochure

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Our experts

Expert Robin Smail
Project leader

Robin Smail

Robin Smail Training & Consultancy
Witold Willak

Witold Willak

Head of Unit DG ECFIN L.1. European Commission

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 Opening of the seminar: introduction to the programme, method, objectives
Tour de Table
Marco Lopriore, Expert, EIPA
09.15 Using CBA for Major Projects and large investments under Cohesion Policy

  • Cohesion Policy, Major Projects, large investments, revenue-generating projects
  • project appraisal principles: rationale, demand, feasibility, options
  • the concept of market failure

Robin Smail, Visiting Expert EIPA and Independent Consultant (IE/UK) (former National Expert EC; and former Senior Executive within Evaluation Division, Scottish Enterprise)

10.10 Discussion: demand factors by sector
10.30 Short Coffee break
10.45 The financial analysis, project viability tests

  • Affordability, sustainability, viability
  • Discounting; calculating the FNPV and FRR/IRR
  • Financial tests for EU support, using FNPV, FRR/IRR
  • Case study

Robin Smail

11.40 Virtual Coffee Break
11.55 Break-out groups: discounting
12.20 WORKSHOP: Tram Project – building a spreadsheet for the financial analysis

  • Capital Costs, Residual Value, Fixed and Variable Costs
  • Discount rates; calculating the FNPV and FRR/IRR
13.00 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

  • Estimating costs in the financial analysis
  • Allowing for price changes and inflation
  • Establishing the counterfactual and using incremental costs and revenues

Robin Smail

09.50 Case study – financial analysis and tests
10.00 The Economic analysis

  • From financial to economic appraisal: assessing socio-economic costs and benefits, shadow prices, conversion factors
  • Externalities and willingness-to-pay, calculating ENPV

Robin Smail

10.45 Coffee break
11.05 Case study (continued) – economic analysis and tests
11.20 Break-out rooms: Risk Factors
11.40 The Risk and Sensitivity analyses; other steps

  • Risk and Sensitivity analyses
  • Risk Matrix, mitigating actions
  • Environmental appraisal; compliance
  • Economic impact assessment

Robin Smail

12.10 Short Coffee break
12.15 Example: Road Project Sensitivity Analysis
12.25 Case study (continued) – risk and sensitivity
12.40 WORKSHOP: Accounting for revenues, sound financial management

  • Revenue-generating projects 2014-2020, the rules and calculating the funding gap
  • Eligible and non-eligible costs
  • Revenues, tariffs, polluter-pays principle
  • options for the grant calculation for revenue-generating projects

Robin Smail

13.10 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 seminar, Tour de Table
Marco Lopriore
09.10 Introduction to the programme, method, objectives
09.15 Project Appraisal of Investment Projects under Cohesion Policy

  • Project appraisal rules and practice, CBA
  • CBA: financial and economic tests

Robin Smail

09.40 The economic evaluation of public investment projects and the use of CBA: Part 1

  • Objectives, content and practical use of CBA Guides: What is CBA and why do we need it?
  • Making decisions about major investments – maximising changes in Social Welfare
  • Examples

Ginés de Rus, Professor of Economics, University of Las Palmas de G.C., and Affiliated researcher at FEDEA (Madrid)

10.25 Coffee break
10.40 The economic evaluation of public investment projects and the use of CBA: Part 1 (continued)
Ginés de Rus
11.25 Coffee break
11.35 Accounting for revenues, sound financial management

  • Revenue-generating projects 2014-2020, the rules and calculating the funding gap

Robin Smail

11.50 The economic evaluation of public investment projects and the use of CBA: Part 2

  • Two approaches in the economic evaluation of projects
  • Direct and indirect effects. Wider economic benefits
  • Opportunity costs and shadow prices
  • The treatment of risk and uncertainty
  • The importance of the institutional design

Ginés de Rus

12.35 The economic evaluation of public investment projects and the use of CBA: cases and issues
Ginés de Rus
13.15 Q&A
13.20 Close of day 3
DAY 4
12.45 Opening of Platform
13.00 Review of issues
13.10 Policy context for Cohesion Policy 2021-2027

  • Cohesion Policy, the CPR, link to the European Semester, National Reform Programmes and economic governance
  • Eligibility of expenditure
  • Coordinating Cohesion Policy and the RRF

Marco Lopriore

13.45 Project Appraisal of Investment Projects under Cohesion Policy and other policy instruments

  • Key changes to Cohesion Policy, 2021-2027
  • Major Projects, revenue-generating projects, Financial Instruments
  • Project appraisal rules and practice, CBA
  • Economic Appraisal and the VADEMECUM
  • Combining grants and loans: the Connecting Europe Facility (CEF), InvestEU, Financial Instruments
  • CBA: rationale, demand, feasibility, options, financial & economic appraisal, risk and sensitivity analyses

Robin Smail

14.30 Virtual Coffee Break and meeting our Guest speaker
15.00 Discussion: Member State issues and measuring Economic Benefits
15.20 Using CBA in the decision-making process of Cohesion Policy, the new VADEMECUM for 2021-2027, and considerations for the programme authorities and beneficiaries

  • the role of CBA and CBA guides to date
  • the experience of Major Projects’ sectors in 2014-2020
  • plans for 2021-2027; OSI – Operations of Strategic Importance
  • the new Vademecum / Guide
  • Simplified CBA /Rapid CBA/alternative appraisal techniques
  • InvestEU perspectives

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

16.45 Q&A session
17.00 End of day 4
DAY 5
08.45 Opening of Platform
09.00 Review of issues
Meeting our guest speaker
09.10 The new guiding principles 2021–2027, CBA method and issues

  • Using the new VADEMECUM
  • CBA versus other project appraisal techniques
  • Cost-effectiveness analysis, multi-criteria analysis
  • CBA and issues for project context and project design

Davide Sartori, Economist, Energy Efficiency Department, European Investment Bank (CBA specialist and Lead Author of the 2014 European Commission Guide to Cost-Benefit Analysis of Investment Projects).

10.15 Workshop and discussion: choosing the best appraisal method
10.40 Coffee Break
11.05 Economic evaluation of public investment projects co-financed by EU Funds in 2021 – 2027: methodology for Cost-Benefit Analysis, key issues

  • issues for the financial, economic and risk analyses

Davide Sartori

12.10 Short break
12.15 Break-out rooms: financial and economic tests for EU and EIB co-funded projects
12.45 Q&A and discussion of technical issues and challenges, possible solutions
13.00 End of day 5

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Cohesion Policy Project Appraisal 2021-2027, CBA, and Economic Appraisal (Basic and Advanced)

Confirmed
2 Nov 2022 - 8 Nov 2022
Online
English

Simultaneous interpretation can be offered. Contact the programme organizer for more information and conditions.

SKU: 2230209
Register before: 28 Oct 2022
 1.100 per attendee
 990 for EIPA members
Registration closed

Discount policy

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, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lithuania, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Spain, Sweden.

For all other participants, the regular fee applies.

Early bird discount

For a limited number of training courses, EIPA offers an early bird discount.

For more information please contact us.

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SKU: 2230209
Register before: 28 Oct 2022

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