About this course
This three-day highly practical course will cover all essential aspects of simplified Cost Benefit Analysis (CBA) and project quality standards for the EU co-financing 2021-2027 programming period, under the Cohesion Policy and the Connecting Europe Facility.
According to current draft legislation proposed by the EC, there will not be any legal requirements for major projects with the EU centralised approval mechanism, nor an explicit mention of cost benefit analysis. However, substantial obligations on the selection of operations will remain in force, with a major shift of responsibilities from EU to Member States.
At EU level, DG REGIO will keep control of public expenditure via enabling conditions, monitoring committees and on-the-spot audits. At national level, establishing and enforcing the methodology and criteria for selection of operations will be part of the remit of the Managing Authority and the Monitoring Committee. More specifically, according to Article 67 of the draft Common Provisions Regulation (CPR), in selecting operations the Managing Authority shall:
- ensure that selected operations present the best relationship between the amount of support, the activities undertaken and the achievement of objectives;
- verify that the beneficiary has the necessary financial resources and mechanisms to cover operation and maintenance costs.
The former requirement is to verify the maximisation of the ratio between resources used (costs) and expected achievements (effects/benefits). The latter calls for an analysis of the operations’ long-term sustainability. The results of economic appraisal, and in particular of CBA as selection criteria in calls for project proposals, should be used to meet both requirements.
In the next programming period 2021-2027, the EC will support Member States with guidelines in order to set up a simplified framework for project appraisal that complies with both EU and national requirements, promoting consistency of selection standards across Member States.
The DG REGIO requirements, practical applications of project quality standards in the future, best practices, Operations of Strategic Importance (OSI) and all other most important questions, including audit will be discussed with experts from the European Commission, the European Investment Bank, JASPERS and the European Court of Auditors.
Taking into account that CBA will be required also in the future for all projects applying for works under the Connecting Europe Facility, its role in the appraisal process and best practices will be discussed with an expert from the Innovation and Networks Executive Agency (INEA).
What you will learn in this course
Principles, methods and criteria presented in this training will help public decision-makers to better understand what information is required in order to assess the financial and economic viability of an investment project and take the financing decision in 2021–2027. It will also help by showing how to avoid eventual mistakes.
You will practise the most important parts during workshops in small working groups with the direct involvement of EC, INEA, ECA, EIB and JASPERS experts. You will receive the most relevant information about the future use of CBA in the post-2020 perspective and its consequences.
Who will benefit most?
- Beneficiaries eligible for Structural Funds, the Cohesion Fund, CEF and IPA III, managing authorities, intermediate bodies, auditors and consulting companies;
- Other actors involved in EU funding programmes and projects.
The fee includes documentation, three lunches, one dinner, refreshments and a walking sightseeing tour. After the event, a certificate of participation will be handed out and participants will be given access to the digital version of the event documents. Accommodation and travel costs are at the expense of the participants or their administration.
EIPA offers a 10% 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, United Kingdom.
For all other participants, the regular fee applies.
Lunch(es) will be served at the hotel restaurant and dinner will be held at a restaurant in town. Special requirements (e.g. vegetarian, diabetic) can be indicated once you receive the confirmation of the event.
EIPA suggests participants to stay at the hotel where the seminar will take place. Should you wish to book a room there, kindly go to: www.granhotelhavana.com.
Confirmation of registration will be forwarded to participants on receipt of the completed online registration form.
Prior payment is a condition for participation.
For administrative reasons you will be charged €150 for cancellations received within 15 days before the activity begins. There is no charge for qualified substitute participants.
EIPA reserves the right to cancel the activity up to 2 weeks before the starting date. In that case, registration fees received will be fully reimbursed. EIPA accepts no responsibility for any costs incurred (travel, accommodation, etc.).
|8.30||Registration and handing out of seminar material|
|9.00||Opening of the seminar: introduction to the programme, objectives and methodology
Iwona Karwot, Senior Lecturer and Project Leader, EIPA Barcelona
|9.15||Tour de table: presentation of participants to endorse networking|
|Part I – Setting the scene: what are the rules to apply in 2021–2027?|
|9.45||Cohesion Policy and investment projects co-financed by EU Funds in the programming period 2021–2027: regulations and state of play of negotiation.
|Part II – Cost–Benefit Analysis for ESI Funds and its future: European Commission and experts|
|11.00||The theoretical underpinnings: economic evaluation of public investment projects
Objectives, content and practical use of the Guide for CBA elaboration and assessment of EU-funded projects. What is the CBA and why do we need it? Why is the economic evaluation of projects important? What will happen in 2021–2027 and how will we be able to assess the economic viability of the project?
Ginés de Rus, Professor of Economics, University of Las Palmas. Research Director of Infrastructure and Transport, FEDEA.
|12.45||The assessment of project applications by the EU Commission, the importance of CBA analysis in the decision-making process 2014–2020. How to ensure quality of projects in simplified Cohesion Policy 2021–2027 – considerations for the programme authorities and beneficiaries.
Witold Willak, Deputy Head of Unit F.1 Competence Centre Closure and Major Projects, DG Regional and Urban Policy, European Commission
|14.00||Joint lunch in the hotel restaurant|
|15.30||How to ensure quality of projects in simplified Cohesion Policy 2021–2027 – considerations for the programme authorities and beneficiaries. How the EC will support Member States with guidelines in order to set up a framework for project appraisal that complies with EU and national requirements, promoting consistency of selection standards across Member States. Project phasing between the two programming periods. Part 2.
|16.30||Best practices regarding CBA in Member States in the programming period 2014–2020.
|17.30||End of the first day|
|17.45||Sightseeing tour of Barcelona (2 hours approx.)|
|Part III – Cost–Benefit Analysis for European Investment Bank (EIB) / JASPERS|
|9.00||CBA methodology: the new guiding principles 2021–2027?
Davide Sartori, CBA specialist, European Investment Bank, JASPERS – Networking and Competence Centre. Lead Author of the 2014 European Commission Guide to Cost Benefit Analysis of Investment Projects.
|10.30||Economic evaluation of public investment projects co-financed by EU Funds in 2021-2027
|11.45||Cost–Benefit Analysis and appraisal criteria for EU co-financed investment projects: case study from the energy efficiency sector
Massimo Merighi, European Investment Bank
|13.30||Joint lunch in the restaurant|
|Part IV – Cost–Benefit Analysis for the Connecting Europe Facility (CEF)|
|14.45||How to effectively assess projects under the CEF programme? What is the role of CBA in the process?
Julien Bollati, Financial Engineering Manager, Innovation and Networks Executive Agency (INEA), European Commission
|16.15||CEF project assessment – practical workshop
|17.30||Plenary session: group presentations – evaluation of workshop results, including debates on problems faced by the participants during the exercises and possible solutions|
|18.00||End of the second day|
|Part V – CBA for European Court of Auditors (ECA)|
|9.00||The ECA’s approach to the audit of Cost–Benefit Analysis (CBA) in transport and energy infrastructure sector
Lorenzo Pirelli, Senior Auditor – Chamber 1 Directorate – Sustainable use of natural resources, European Court of Auditors tbc
|11.15||Where are the errors? Practical case studies
|12.15||Plenary session: group presentations – evaluation of workshop results, including debates on problems faced by the participants during the exercises and possible solutions|
|Part VI – Practical workshops on CBA: how to effectively assess CBA for EU co-financed investment projects|
|12.45||Case study: how to be efficient in the project assessment process
Assessment of a Cost–Benefit Analysis for three different types of projects. How should managing authorities assess CBA to find possible weaknesses/inconsistencies and take the right decision regarding the level of co-financing?
|14.00||Joint lunch in the restaurant|
|15.30||Case study: how to be efficient in the project assessment process – continuation|
|16.30||Plenary session: group presentations – evaluation of workshop results, including debates on problems faced by the participants during the exercises and possible solutions|
|17.30||Closure of seminar and issue of EIPA certificates to participants