new opportunities for financing alternative fuels infrastructure · 2017. 9. 29. · mobility and...

Mobility andTransport

New opportunities for financing alternative fuels infrastructure

Antongiulio Marin

Deputy Head of Unit

Transport Investment Unit

DG Mobility and Transport

European Commission

Increasing the impact of financing of alternative fuels

infrastructure in the EU

Brussels, 8 September 2017


TEN-T and CEF

• Budget: 24.05 bn, 11.3 bn from Cohesion Funds

• Grants– priority: close to 40bn investment mobilized

• TEN-T corridors: • Cross border, bottleneck and missed links

• Priority projects identified in CEF – Annex I

• Horizontal priorities: • Innovation, ERTMS, SESAR, urban nodes etc

• Financial instruments/budgetary guarantees: Up to 10% of CEF budget• Contribution to EFSI guarantee (transport) : 21.5 bn

• CEF Debt Instrument (PBI, LGTT) : 13 bn (4.5bn)

• CEF DI new pipeline : over 1.5bn on clean transport

• CEF DI/EFSI Green Shipping Guarantee: 3 bn


• Launched at the Transport Council on 12/1/2016

• Support the accelerated deployment of new cleanertransport technology

• Full range of available tools from EIB and EC for public andprivate entities

• Financial products : EIB loans/guarantees/equity andFinancial instruments e.g. CEF Debt Instrument

‣ Advisory services e.g. EIAH – Advisory Hub, ELENA – technical assistance and Horizon 2020 – InnovFIN Advisory

‣ EC grants – CEF Transport conventional and Blending Calls

‣ Focus:

‣ Public transport buses / public fleets

‣ Alternative fuel infrastructure on strategic networks

Cleaner Transport Facility (CTF)


CEF call 2014

Proposals received:

67

Total projects cost:

1012 m€

Total requested funding:

385 m€

Avail. Budget:

309 m€

CEF call 2015

Proposals received:

74


951 m€


494 m€

Avail. Budget:

242 m€

CEF call 2016

Proposals received:

54


768 m€


377m€

Avail. Budget:

140m€

CEF Calls for innovation:

building up the pipeline of projects

CEF

"Blending" call

Avail. Budget (innovation):

140m€

CEF grants support also shore-side electricity supply and LNG terminals and support for technology for greener vessels: 130 Million. In addition the EFSI and the CEF Debt Instruments have supported 2 individual transactions and preapproved 2 financial schemes with potential to leverage investment of up to 4.35 Billion on new and retrofitting of green vessels.


Investment mobilized by CEF to date: 350 million

Number of supply points for alternative fuels to be set-up with CEF support by 2020: ~1200

Results to date


SRCR

Synergies with H2020


The rational of blendingAdditional

• Pure financial instruments may not be sufficient for complex TEN-T

projects.

• Public funding will always be needed to achieve flagship transport

infrastructure on the TEN-T Network e.g. cross border

• Combining public funds with private finance helps projects having

high economic and societal impact and help closing the financing

package

• A targeted component of CEF grant enables the financial case to

be established


‣ Blending CEF grant and EIB/EFSI finance

‣ Borrower: Riga Transport Company (RTC), public transport operator owned by Municipality of Riga

‣ EUR 75m EIB loan to:

‣ Upgrade the tram system (new rolling stock and infrastructure)

‣ Modernise existing tramway depot

‣ Purchase 10 new hydrogen fuel cell buses, 10 new trolleybuses with hydrogen fuel cell range extenders and associated refuelling infrastructure

‣ EUR 8m CEF grant to co-finance installation of hydrogen fuel production and charging facilities

‣ Remainder to be financed by RTC’s own funds and other bank (commercial) loans

Case study: Riga Transport Company (LV)

CEF Blending Call 2017

Blending, in the context of the CEF Call, is the combination of CEFgrants with finance from the EIB, notably the EFSI, or withfinance from National Promotional Banks or privateinvestors

As for a "conventional call", but :

Letter of support by public or private financial institutions tobe included in the submission

Financial readiness evaluated to assess project "maturity"

Disbursement of grants conditional to financial closure


Call launched

OPEN CALL

Evaluation/selection and grant award

Month 6 Month 12

Eligibility/EvaluationEconomic and financial CBA, technical assessment, financial readiness, selection/award criteria, etc.

ISC/CEF Com. (MS)/Adoption Decision

Submission deadline

Promoter engagement with HUB

Submission of grant proposals July 14 2017 November 30 2017 (tbc)

Month 10

2020

Financial readiness assessment from public or private financial institutions

Grant agreements

Financial close with EIB

(EFSI)/NPB or private finance

Workstill 2023

Grant disbursement

Blending call : process


Other specificities

Co-funding rates as for a "conventional call" (Generalenvelope)

The project total cost should be in excess of EUR 10 m

Only works are supported (not studies)

Sections criteria streamlined

CBA/funding gap methodology streamlined

Implementation of the Action till 2023


Submission : July cut-off date

68 proposals submitted

17 proposas in coehsion MS

2.2bn of request

innovation (and urban nodes) the horizontal priorities o

Letters of support from EIB, NPBs and from commercialbanks, some from more than one institutions


ELENA

• Technical Assistance projects:

ELENA-transport started in 2016, managed by EIB, funded by H2020 Programme

1 EUR grant should plan for 10 EUR investment, mostly even 40 EUR

• Project Development Support:

Sustainable - Clean Urban Transport Systems; ITS, traffic information

Integrate Energy Efficiency and renewables in urban environment; buses, recharging infrastructure, metro braking energy, hybrid ferries

• ELENA provides 90% funding rate (grant) for technical assistance

• First projects in Amsterdam and Klaipeda, other cities based in Poland, Sweden, Spain Denmark, Bulgaria, Greece, France and Iceland.


Other actions:

• 2 city-led networks of public procurers of innovative mobility solutions: BUYZET (led by ICLEI) and SPICE (led by Copenhagen)

• 1 expertise network for deployment of innovation in 88 Urban Nodes of the TEN-T network: Vitalnodes (led by Dutch Rijkswaterstaat)

• A new EC service contract can provide project development and financial advisory services to up to 20 projects in smart urban mobility (EV, ITS, etc).

• European Innovation Partnership in Smart cities: 5 initiatives in urban mobility: electromobility, mobility services, drones, special vehicles, mobility-electricity services. Cities and industry are welcome to join – meeting on 12 October


THANK YOU FOR YOUR ATTENTION

MORE INFORMATION AVAILABLE AT

http://ec.europa.eu/transport

http://ec.europa.eu/invest-eu

http://www.eib.org/invest-eu

https://ec.europa.eu/inea

#InvestEU

new opportunities for financing alternative fuels infrastructure · 2017. 9. 29. · mobility and...

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