EIPA’s latest online Cohesion Policy Project Appraisal 2021−2027 course focused on the new Project Appraisal requirements for EU co-financed investment projects, and the new Economic Appraisal Vademecum of DG REGIO. Together with participants from Bulgaria, Finland, Germany, Ireland, Hungary, Albania, Romania, Slovenia and Portugal, we looked into what information is required to assess the financial and economic viability of an investment project, and so make the best co-financing decisions in 2021–2027.
EIPA’s experts clarified the link with the Cost-Benefit Analysis (CBA) Guide and the CBA requirements of the Connecting Europe Facility, and presented principles, methods and criteria which can be used by public decision-makers. The discussions were also highly relevant for the delivery of the current Recovery and Resilience Facility (RRF) Plans.
This five-day course was divided into two stages: Stage 1 (basic) covered the methods, concepts and calculations contained in the DG REGIO Cohesion Policy CBA Guide. In Stage 2 (advanced), experts from the European Commission, the European Investment Bank, the Innovation and Networks Executive Agency (INEA), and the academic world discussed best practice. This included using CBA for project appraisal, the new DG REGIO requirements, alternative project appraisal techniques, project quality standards 2021−2027 , Operations of Strategic Importance (OSI) etc.
Don’t miss out on the opportunity to join us again in 2022 for an update in our yearly EIPA CBA training!