how to improve the technical and financial management of the ten-t projects? ioannis...
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How to improve the technical and financial management of the TEN-T projects?
Ioannis Giogkarakis-Argyropoulos, Head of Unit T2 – Road and Rail Transport, TEN-T EA
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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How to improve the technical & financial management of the TEN-T projects?
• Background
• The current programme
• Most recent experience
• The way forward
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Background (1)
• Objectives of the improvements already made in the current (2007-2013) TEN-T programme
– Facilitate the completion of the TEN-T infrastructure investments and the creation of an efficient Trans-EuropeanTransport network
– Enhance the monitoring and administration of projects
– Raise visibility of EU support
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Background (2)
• Main improvements and changes to the programme:
– Increased funding (€ 8 billion)– More focus on Priority Projects, in particular
cross-border sections and bottlenecks– Creation of the TEN-T Executive Agency in
charge for the implementation of projects
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Background (3)
• Main simplifications to the monitoring & administration of projects
- Standardised administrative requirements (Decisions, Strategic Action Plans, Reports)
- Flexibility on modifications to the cost breakdown- Harmonised templates for financial statements- Standardised examination of payments
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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TEN-T EA managed projects
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Share of completed and ongoing projects in the current portfolio
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Most recent experience (1)
• Common specific characteristics:
– High degree of complexity– Large number of stakeholders– Part of longer term investments– Different sources of funds– Non cumulation of EU funding
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Most recent experience (2)
• Selection aspects:
– High over-subscription– Search for European added value– Leverage effect of TEN-T funding– Dependence on project applications– Evaluation based on information supplied by
the applicants
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Most recent experience (3)
• Implementation issues:– Long preparatory periods– High degree of complexity in the decision making– Optimistic plans– Maturity– Project and risk management aspects– Delays– Regular budget revisions
• Need for a deeper look into matury and implementation plans
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Most recent experience (4)
• Financing issues:
– Insufficiency of TEN-T funding– TEN-T funding vs other EU sources– Financial crisis– Updated cost estimates– Absorption rates– Streamlining payments/faster response times– EU Financial Regulation
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Most recent experience (5)
– Beneficiaries have gradually become familiar with the TEN-T requirements
– Close and regular contacts with stakeholders have facilitated the technical and financial management
– Sound project management practices yield results and facilitate reporting
– Added value of the Agency?
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Key Objectives
• Better understanding of and preparation for the implementation challenges
• Improved awareness of the TEN-T requirements
• Better appreciate beneficiaries’ needs & practices
• Bring added value to project and programme implementation
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The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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The Way Forward (1)
• Overview of respective project management methods and tools used
• Identification of potential national specificities in project implementation
• Development of common monitoring practices & reporting based on the TEN-T requirements
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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The Way Forward (2)• Sharing experiences and good practices
for improved quality of project management and monitoring through:- Project Management Workshops- Working groups- Internal information sharing
• Need to insist on complete and accurate information on both technical & financial progress
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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The Way Forward (3)
• Provide for improved risk management and better responses to obstacles
• Facilitate the timely preparation and submission of requirements and shorten the approval time, and reduce the associated workload
• Closer working relationships
• Review of the Multi-annual programme project portfolio is ongoing
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Recurrent Challenges
• Do we provide the right assistance and advice?
• What are the needs of beneficiaries/project promoters? To what extent do we address them?
• What are the main issues?
• How can we disseminate and make the best use of good practices?
The Future of TEN-T Policy & Transport Corridors in EuropeRiga, 17 September 2010
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Thank you for your attention!