This presentation was held during the 5th GIB Summit, May 27-28 2015. The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org The next GIB Summit will take place in Basel, May 24-25, 2016. The information and views set out in this presenation are those of the author(s) and do not necessarily reflect the opinion of the Global Infrastructure Basel Foundation. Neither the Global Infrastructure Basel Foundation nor any person acting on its behalf may be held responsible for the use of the information contained therein.
GIB2015_Public and Private Sector Transit Development_Bustinduy
Jul 27, 2015
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This presentation was held during the 5th GIB Summit,
May 27-28 2015. The presentation and more information on the Global
Infrastructure Basel Foundation are available on
www.gib-foundation.org
The next GIB Summit will take place in Basel, May 24-25, 2016.
The information and views set out in this presenation are those of the author(s) and do not necessarily reflect the opinion of the Global Infrastructure Basel Foundation. Neither the Global Infrastructure Basel Foundation nor any person acting on its behalf may be held responsible for the use of the information contained therein.
Financing Sustainable Transport July 2014
An intro to EBRD European Bank for Reconstruction and Development
• IFI founded in 1991 to promote transition to market economies in 35 countries
• Owned by 64 countries and two intergovernmental institutions (AAA/Aaa rated)
• Largest single investor in the region: In 2014, €8.9 billion invested in 377 projects
• Principles: Transition Impact, Sound Banking, Additionality
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• Invests across all sectors: Infrastructure, ICA, FI, Energy & Natural Resources, SME, etc.
• Combine donor funded Technical Cooperation, Policy Dialogue and Finance to overcome transition barriers
• Tailored financial options with public and private sector (incl. debt, equity, PPP, etc.)
Elements of TOD
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Source: ITDP
ST financing, or ST funding?
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Funding Financing
• Tax revenues • User charges • Fuel and Vehicle charges • Land value capture (betterment, etc) • Grants (Climate finance and others)
• Domestic Finance • International Finance • MDBs • Climate Finance
More focus on funding needed
Financing sources
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Some barriers for financing ST
• Lack of pipeline of well prepared projects
• Non transparent/inadquate legal and regulatory frameworks
• Changeable policy environment (ST projects often longer)
• Limited capacity in the Government (especially local/regional)
• (Sometimes) Higher technology/construction cost
• Unsuitable project appraisal / prioritization (What is Sustainable Transport?)
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The EBRD role Delivering ST through private sector
• Improve business environment and regulatory framework
• Catalyze other investors (political risk)
• Capacity building
• Regulatory development; eg. PSC
• Creation of pipeline of projects; eg. Sustainable Transport Plans
• IPPF (Infrastructure Project Preparation Facility)
• Tailored financing options, incl. - Sovereign - Sub-sovereign - PPP
• Mobilizing grants to lower capex cost and push market penetration
• Rio+20: Pledge for sustainable transport
Financing
Technical Cooperation
Policy Dialogue
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Contacts
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Marcial Bustinduy Principal Sustainable Transport Specialist Transport email: [email protected]
For all further enquiries, please contact:
Sue Barrett Director Transport email: [email protected]
EBRD One Exchange Square London EC2A 2JN, United Kingdom
Rio+20: Measuring Sustainable Transport
Principles: • Project-based • Objective-driven: it measures performance against a set
of objectives, organized under three pillars. No White Lists • Simplicity: applicable to different contexts and easy to
understand by non experts • Qualitative, supported by quantitative indicators • MDB Harmonization (Common Framework) • Incentive: it rewards the design of the project in a way that
maximizes sustainability
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STAR
Economic Effectiveness: • Economic Impact • Transition • Funding
Social Sustainability: • Safety • Social inclusion / accessibility • Gender
Environmental Sustainability: • Climate mitigation • Climate resilience • Environmental impact
Risks to Sustainability
Example of ST project assessment
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