1. Priority Environmental Investment Programme (PEIP) – CARDS Regional Regional Meeting for Senior Officials from SEE and Donors’ Community 26th November, Brussels, Belgium PEIP work plan 2008 Joanna Fiedler, Senior Project Manager Environmental Financing

2. www.rec.org - Projects identification - Projects prioritisation - Capacity building on project preparation - Institutional strengthening on implementing investment heavy directives, - Facilitating dialogue between countries and donors community - Developing tools and manuals PEIP SCOPE OF PEIP - Project duration: (since 2002) May 2007 – May 2009 (24 months) Project budget: 400,000 euros Project coverage: 6 countries (Albania, BiH, Croatia, FYROM, Montenegro and Serbia Kosovo UNSCR 1244) 3 sectors = air, waste, water ! Budget per country: approx. 67000 euros WHAT PEIP DOES NOT DO- - Project preparation (feasibility Studies, pre-feasibility studies, EIA etc)

3. www.rec.org Regional impact of PEIP – since 2001 Past situation in the SEE: - Lack of harmonised approach towards projects identification and prioritisation - Donors supporting not priority projects - Lack of understanding of donors requirements - Low flow of money to the region - negligible number of infrastructure projects developed Present situation: - Harmonised approach exist - Better understanding of donor requirements - More infrastructure projects financed - Donors increased their financial assistance to the region PEIP input to the process: Infrastructure projects identification Assistance in prioritisation Developing lists of projects Capacity building on project preparation Identification of barriers and solutions for infrastructure projects

4. www.rec.org The way forward – New challenges in SEE - EU investment heavy directives - Identification of all projects needed for compliance - Developing domestic sources of finance - project proponents capacity building - improving conditions for borrowing and private sector involvement Expected results - Lists of projects for compliance - Trained project proponents - Increased flow of resources to the region - Increased number of infrastructure projects PEIP response to the challenge - Updating lists for compliance with EU directives; - Developing manuals for project proponents; - Supporting regional networking and facilitating dialogue - Providing capacity building to project proponents

5. www.rec.org Work plan 2008 Activity 1 – Developing updated lists of infrastructure investment projects Two updates in 2008 (May, November) Identified new projects – gathering information on project identification forms (PIF) and conducting prioritization Developing case studies of successfully financed projects Developing two analytical reports – accompany the updated lists

6. www.rec.org Work plan 2008 Activity 2 – Manuals on developing and preparing environmental infrastructure projects One manual to be developed (May 2008) Consultations with focal points Defying the scope of manuals Aim – to present it on the next regional meeting

7. www.rec.org Work plan 2008 Activity 3 – Regional Meetings Two regional meetings in 2008 Presentation of updated lists and reports Discussion of new challenges Dialogue with IFIs and donors’ community

8. www.rec.org Work plan 2008 Activity 4 – National Workshops 5 national workshops in 2008 (2 from 2007 – Croatia and FYROM) 3 other – country to determine Identification of participants (project proponents) Tailored training for participants (demand driven)

9. Thank you for your attention Joanna Fiedler Senior project manager Environmental financing and economic instruments Environmental Policy Programme Regional Environmental Center for Central and Eastern Europe jfiedler@rec.org