european investment bank support to blue economy economy - batumi 15.09...aaa 3 the eib: the eu bank...
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European Investment Bank Support to Blue Economy
Batumi 15 September 2017
European Investment Bank Group 15/10/2017
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EIB at a Glance 1
EIB Support to Blue Economy
European Investment Bank Group 15/10/2017
Maritime Transport Projects
SME Support
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The EIB: the EU bank
Natural financing partner for the EU institutions since 1958
Largest multilateral lender and borrower in the world
Shareholders: 28 EU Member States
HQ in Luxembourg with 44 local offices
Around 3000 staff (finance professionals, engineers, sector economists and socio-environmental experts)
Around 450 projects each year in over 160 countries
AAA-rated by the three major rating agencies
15/10/2017 European Investment Bank Group
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Scale of Bonds Issuance
Volume of issuance is larger than all other major supranational banks …
… and compares with that of certain EU
Governments
*Gross financing requirement for FY2015-16 / 2016-17 **Fiscal years from 1 July to 30 June
Source: Barclays research/ best efforts estimates as of 25 January 2017 Data collated from a mixture of official reports and bond market analysis systems such as Dealogic
European Investment Bank Group 15/10/2017
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The EIB Capital Breakdown
European Investment Bank Group 5 15/10/2017
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Our Priorities in 2016
SMEs Infrastructure Environment Innovation
EUR
16.9bn
EUR
19.7bn
EUR
13.5bn
EUR
33.6bn
European Investment Bank Group 15/10/2017
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EIB Group Activity Outside EU
Outside EU Lending EIB Group EUR 83.8bn
Outside EU
EUR 8.38bn
Eastern Neighbours
EUR 1.65bn
Africa, Caribbean,
Pacific, South Africa
EUR 0.77bn
EFTA & Enlargement
Countries
EUR 3.35bn
Southern Neighbours
EUR 1.63bn
Asia and Latin America
EUR 0.98bn
• The EIB finances projects in some 140 non-EU countries
• EIB lending outside the EU accounts for some 10% of its global activity
EIF in 2016:
EUR 9.45bn
European Investment Bank Group 15/10/2017
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EIB in 2015:
EUR 77.5bn
Eastern Partnership Portfolio EIB Investments per Country in Eastern
Partnership
EIB Investments per Sectors in Eastern Partnership
Eastern Partnership Portfolio 2010 - 2016
EUR 7.0bn
2016 EUR
1.65bn
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EIB Support to Blue Economy
Maritime Transport Projects 2
European Investment Bank Group 15/10/2017
EIB at a Glance
SME Support
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10
0
2
4
6
8
10
12
14
16
18
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Sign
ed a
mou
nt, E
UR
bn
Transport operations signed in EU Member States (2007-2016)
EUR 124bn
Air Maritime Other Rail Roads, Motorways Urban
Air 8%
Maritime 10%
Other 0%
Rail 36%
Roads, Motorways
21%
Urban 25%
Transport operations signed in EU Member States (2016) EUR 10.6bn
Recent EIB lending (signed operations) some EUR 70bn per year.
On average, transport projects have constituted some 15%-20% of total lending.
EIB Support to Transport
European Investment Bank Group 15/10/2017
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EIB Transport Lending Policy
• published in 2011 • Purpose: provide information regarding project
eligibility and appraisal • http://www.eib.org/attachments/strategies/transp
ort_lending_policy_en.pdf
• EIB seeks to focus on activities likely to have the greatest impact on furthering EU policy goals
• Priority to technologies and infrastructures with the objective of developing a more efficient and sustainable European transport system:
• Further use of renewable sources • Contributing to reducing oil dependency • Enhancing competitiveness of the
European industry
European Investment Bank Group 11 15/10/2017
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Eligible Maritime Projects I
• Existing ports - rehabilitation/expansion of common user
infrastructure
• Breakwater, access channel, maritime locks, capital
dredging, navigation aids, quay walls, etc.
• Environmental compliance components
• LNG Bunkering infrastructure
• Development of new terminals
• Basic terminal infrastructure by a port authority
• Superstructure and equipment by a terminal operator
• Development of new ports
European Investment Bank Group 12 15/10/2017
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Eligible Maritime Projects II
• Inland Waterways projects
• Locks, capital dredging, quay walls, etc.
• Improvement of hinterland transport connections
• New vessels, retrofitting and vessel R&D
• EU flagged and operating on routes originating
or ending in a EU country
• Vessels operating on SSS routes aimed at modal
shift
• Replacement of older, less energy efficient or
more polluting vessels
• Retrofitting: scrubbers, LNG engines
• Climate Adaptation projects
European Investment Bank Group 13 15/10/2017
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EIB Shipping Projects Lending
• All shipping financed by EIB under EU eligibility should have an EU flag to ensure compliance with European safety, operating and environmental norms
• Bank financed vessels are to operate to or from an EU port
• All shipping projects will adhere to all EU and IMO safety and environmental rules and regulations with regard to the construction and operation of vessels
• For projects involving the expansion of the deep-sea fleet, the project implementation will result in an overall improvement of the shipping line environmental performance
European Investment Bank Group 15/10/2017
General requirements
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EIB Maritime Lending (2007-2016)
15
0
500
1,000
1,500
2,000
2,500
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Amount signed, EURm
sea port installations/river development worksSea and coastal freight water transportacquisition of vessels
0
2
4
6
8
10
12
14
16
18
20
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
No. of Projects
sea port installations/river development worksSea and coastal freight water transportacquisition of vessels
European Investment Bank Group 15/10/2017
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Black Sea Direct Maritime Lending
16 European Investment Bank Group 15/10/2017
• Direct investment loans • 5 operations in the period • Figures do not include support provided to
Greece
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Maritime Signed Projects I
17
Petlim Port
USD 130/80 million
Description: The construction of a container port with 1.3 million TEU capacity in the Aliağa district of the Izmir province on the Aegean coast of Turkey
Istanbul Urban Transport I
EUR 50 million
Description: Extension of the Mass Transport System of Istanbul Metropolitan Municipality through the expansion of the city's fleet of ferry boats
Location: Istanbul, Turkey Signed: 2006
European Investment Bank Group 15/10/2017
Location: İzmir, Turkey Signed: 2016
EIB loan: EIB loan:
Project: EUR 100 million Project: USD 268 million
Type: Shipping Type: Ports
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Maritime Signed Projects II
18
Sulina Canal Bank Protection
Description: Improvement of navigation conditions on the Danube Delta to protect the environment and sustainable communities
Nibulon (Cereal Production and Transportation)
Description: Financing of agriculture storage and logistics investment program of the Nibulon Group in Ukraine.
European Investment Bank Group 15/10/2017
Location: Istanbul, Turkey Location:
EIB loan: EUR 38 million EIB loan: USD 74 million
Project: USD 148 million Project: EUR 76 million
Signed: 2006 Signed: 2002 Sulina, Rumania
Type: Inland Waterway Type: Inland Waterway
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EIB Support to Blue Economy
SME Support 3
European Investment Bank Group 15/10/2017
EIB at a Glance
Maritime Transport Projects
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SME Support to Blue Economy
20 European Investment Bank Group 15/10/2017
• Indirect loans via financial intermediaries • Figures do not include support provided to
Greece
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Coastal Tourism in Blue Economy
21 European Investment Bank Group 15/10/2017
• Represents in general an important component of the Blue Economy
• 2011-2016: almost EUR 866 million through intermediated loans
• For investments in hotels and other accommodations
• Mostly in Turkey
• Also in Bulgaria, Georgia and Romania
Sustainable Tourism & EE Global Loan
Description: Renovation of tourism facilities and energy efficiency as well as other investments aimed at rationalisation of use of natural resources and mitigating the adverse environmental effects of tourism
Location:
EIB loan: EUR 154 million
Project: EUR 400 million
Signed: 2013 Turkey
Type: Coastal Tourism
Note: Need to identify what part was financing coastal tourism
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Thank you for your attention
European Investment Bank Group 15/10/2017
Massimo D’Eufemia Istanbul, Turkey
Denis Bruno Kiev, Ukraine [email protected]
Sébastien Husson de Sampigny Tbilisi, Georgia [email protected]
Tatiana Dermati Athens, Greece [email protected]
Flavio Schiavo Bucharest, Romania [email protected]
Antonio Castillo Chisinau, Moldova [email protected]