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Cohesion Policy Project Appraisal, CBA, and Economic Appraisal (Basic and Advanced)
This (2-stage) online course will focus on the Project Appraisal requirements for EU co-financed investment projects and the 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 the 2021-2027 period, major projects have no longer been specifically defined. Nor has there been 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. This approach is carried over into the upcoming 2028-2034 period.
The 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 remains in use. The Vademecum 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
- Stage 1 (Basic) 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 of the course (Advanced) spans three half-days. Leading experts from the European Commission and the European Investment Bank will discuss:
- best practice in using CBA for project appraisal
- best practice lessons from Major Projects
- the current DG REGIO requirements
- alternative project appraisal techniques; project quality standards, 2021-2027
- using CBA for other instruments, such as the Connecting Europe Facility
- key aspects of the theoretical foundations of CBA
If you do not wish to participate in the Basic stage, you can register for the 3-day Advanced stage only.
The course will present principles, methods and criteria which can be used by public decision-makers. It will help you to better understand 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 and beyond.
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, going forward.
- Managing and audit authorities, intermediate bodies and relevant agencies, under Cohesion Policy;
- Beneficiaries eligible for Structural Funds, the Cohesion Fund, CEF and InvestEU;
- Auditors and consulting companies, academics;
- RRF and other actors involved in EU funding programmes and projects.
Project number: 2630209
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
EIPA offers 10% off on registrations made eight weeks or more before the start of a course. 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.
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 | |
| 08.45 | Opening of the Zoom 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 | Coffee break |
| 10.50 | The financial analysis, project viability tests
Robin Smail |
| 11.45 | Coffee Break |
| 12.00 | Break-out groups: discounting exercise |
| 12.20 | WORKSHOP: Tram Project – building a spreadsheet for financial analysis
|
| 13.10 | End of Day |
| 08.45 | Opening of the Zoom platform |
| 09.00 | Review of day 1 |
| 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 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) |
| 13.25 | End of Day |
| Stage 2 (Advanced): Cohesion Policy Project Appraisal standards in 2021-2027; Using CBA and Economic Appraisal | |
| 08.45 | Opening of the Zoom 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 | Lessons from RRF projects for the next Cohesion programming period 2028-2034
Marco Lopriore |
| 10.40 | Coffee Break and meeting our guest speaker |
| 11.05 | Discussion: Member State issues and measuring Economic Benefits |
| 11.30 | Using CBA in Cohesion Policy, lessons learned from Major Projects
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 |
| 12.45 | Opening of the Zoom platform |
| 13.00 | Review of previous days Meeting our guest speaker |
| 13.10 | The Economic Appraisal VADEMECUM: Guiding principles 2021–2027 and the range of methods
Massimo Marra, Lead Advisor, JASPERS; and Davide Sartori, Senior Finance Advisor, Public Infrastructure department, European Investment Bank, Luxembourg |
| 14.10 | Workshop: choosing methods, by sector |
| 14.50 | Coffee Break |
| 15.10 | Economic evaluation and sector issues for public investment projects co-financed by EU Funds
Massimo Marra and Davide Sartori |
| 16.10 | Short break |
| 16.20 | Case studies |
| 16.50 | Q&A and discussion of technical issues and challenges, possible solutions |
| 17.00 | End of day |
| 08.45 | Opening of the Zoom 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
Ofelia Betancor, Lead Transport Economist, PJ – Mobility Department – Road Infrastructure, European Investment Bank, Luxembourg (and former Associate Professor of Economics, University of Las Palmas de Gran Canaria). |
| 10.05 | Short Coffee break |
| 10.20 | The economic evaluation of public investment projects and the use of CBA: Part 1 (continued)
Ofelia Betancor |
| 11.05 | Short Coffee break |
| 11.20 | Workshop: Case for Study: Waste-to-Energy plant Robin Smail |
| 11.40 | The economic evaluation of public investment projects and the use of CBA: Part 2
Ofelia Betancor |
| 12.35 | The economic evaluation of public investment projects and the use of CBA: cases and issues Ofelia Betancor |
| 12.55 | Q&A |
| 13.15 | Course evaluation, feedback session |
| 13.25 | Close of course |



