DOCSLIB.ORG

Jessica Evaluation Focused Study Regione Toscana

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Jessica Evaluation Focused Study Regione Toscana JESSICA JOINT EUROPEAN SUPPORT FOR SUSTAINABLE INVESTMENT IN CITY AREAS JESSICA EVALUATION FOCUSED STUDY REGIONE TOSCANA ENGLISH VERSION This document has been produced with the financial assistance of the European Union. The views expressed herein can in no way be taken to reflect the official opinion of the European Union. EXECUTIVE SUMMARY.................................................................................................... 4 1. TUSCANY –INTEGRATED PLAN FOR SUSTAINABLE URBAN DEVELOPMENT .................. 7 2. THE JESSICA FRAMEWORK ................................................................................. 13 2.1. Funding Agreement - Managing Authority, Holding Fund.................................. 20 2.2. Operational Agreement – Urban Development Fund ........................................ 23 2.3. Investment Agreement and procedures ......................................................... 29 3. JESSICA PILOT PROJECT IN TUSCANY.................................................................. 38 3.1. Piombino – IPSID analysis ........................................................................... 39 3.2. Livorno – Dogana d’Acqua and Scoglio della Regina ........................................ 46 3.3. Firenze – former Sant’Orsola monastery and Villa Mondeggi............................. 51 INDEX OF FIGURES Figure 5 – Technological Centres IPSUD projects scores..............................11 Figure 6 – Tourism and Commerce IPSUD initiatives...................................11 Figure 7 – Urban Infrastructures IPSUD initiatives......................................12 Figure 8 – The JESSICA scheme...............................................................14 Figure 5 – The JESSICA scheme...............................................................15 Figure 6 - The JESSICA process in Europe .................................................17 Figure 7 - Urban Development Funds activated and call for tenders..............18 Figure 11 - JESSICA, Funding Agreement..................................................20 Figure 12 - JESSICA, Operational Agreement.............................................23 Figure 13 - State Aid, spread applicable to the basic interest rate ................28 Figure 14 - JESSICA, Investment Agreement .............................................29 Figure 15 - JESSICA procedure ................................................................31 Figure 16 - UDF selection phase I.............................................................32 Figure 17 - UDF selection phase II ...........................................................32 Figure 18 - UDF selection phase III ..........................................................33 Figure 19 – UDF co investor in project vehicles ..........................................35 Figure 20 – UDF lender to project vehicles ................................................36 Figure 21 – UDF borrower to Public Authority ............................................37 Figure 22 – Urban perimeter of intervention ..............................................39 Figure 23 – Relational scheme .................................................................42 Figure 24 – Expected revenues ................................................................44 Figure 25 –Scoglio della Regina building costs ...........................................48 Figure 26 – Dogana d’acqua ....................................................................49 Figure 27 – Dogana d’Acqua building cost .................................................50 Figure 28 – Sant’Orsola monastery surface ...............................................52 Figure 29 – Villa Mondeggi surface and functions .......................................53 Figure 30 – Building costs .......................................................................55 Figure 31 – Sant’Orsola revenues.............................................................55 Figure 32 – Villa Mondeggi revenues.........................................................56 EXECUTIVE SUMMARY JESSICA (Joint European Support for Sustainable Investment in City Areas) is an initiative created by the European Commission, the European Investment Bank (EIB) in collaboration with the Council of Europe Development Bank (CEB). JESSICA is a financial engineering tool created to improve both the allocation and use of European Regional Development Fund (ERDF) resources for urban development, attracting at the same time other financial sources. JESSICA allows the revolving use of Structural Funds (in particular ERDF) for urban development, going beyond the traditional model. Main features of the JESSICA tool are presented as follows: From traditional grants to revolving financial investments the JESSICA scheme foresees an investor/lender role for the Regional Authority. Efficiency and effectiveness in using EU funds JESSICA is not a new source of a financial resource, but a tool developed for more efficient use of Structural Fund resources for urban development. Attracting other resources of finance (both public and private) JESSICA allows attracting private and public investors into the investment process, encouraging public private partnerships. Immediate availability of resources Structural Funds invested in JESSICA are immediately transferred to the JESSICA scheme, overcoming problems of anticipating the cost of projects. International know-how sharing The JESSICA initiative has a European nature and considerable know-how, concerning both procedures to adopt and type of projects to implement. Progress reporting The transfer of Structural Fund resources to JESSICA structures (Holding Fund or Urban Development Fund) allows the progress reporting of those funds. In order to start up the JESSICA mechanism, some structures are needed, in particular: Holding Fund (HF) – Holding Fund is created to invest JESSICA resources in Urban Development Fund that, in turn, will invest them in projects within Integrated Plan for Sustainable Urban Development. The Holding Fund supports the Managing Authority in the UDF selection, JESSICA resource allocation, UDFs investment strategy and monitoring its activity. The Holding Fund is usually established as separate block of finance within the European Investment Bank that can be directly endorsed by the Managing Authority, avoiding passing through a public call for tenders. Currently 16 Holding Funds are active, of which two are in Italy (Sicily and Campania Region), and they are organized as separate block of finance within the European Investment Bank. Urban Development Fund (UDF) - JESSICA resources are conferred to UDF to be invested (as equity, loans or guarantees) in public-private partnerships or in other projects within Integrated Plan for Sustainable Urban Development. UDF is selected by the Holding Fund by means of a call for tenders. In some cases direct award of JESSICA resources to UDFs is allowed. The UDF can be public, private or mixed capital and it can have several JESSICA evaluation study in the Tuscany Region 4 Testo trasmesso a DG-Regio per approvazione levels of organization, in particular it can be established as separate block of finance within a Financial Institution or as independent legal entity. In Italy there are several legal structures that could be used as UDF, such as: financial company, securities investment trust, assets dedicated to a specific transaction, banking convention, etc. Structures dedicated to the realization of Urban Development Projects –JESSICA resources (from the UDF) are invested in projects and these structures are responsible for the realization of the project. It can be a typical structure of public private partnership initiative (i.e. Special Purpose Vehicle) or other structures (i.e. Local Entities). JESSICA resources must be used only for approved expenditures and they must be spent and accounted until December 2015. JESSICA PROCEDURE Procedures that can be adopted for the building and management of projects, within the JESSICA scheme, can be like the ones used in public private partnership initiatives (i.e. project financing, concession, ...) or like the ones typically used by local authorities for urban projects (i.e. public procurement). On the basis of the defined procedure (PPP, procurement, etc.) the UDF can have several roles, in particular: 1. Equity investor in project vehicles – in this scenario the UDF invests JESSICA resources acquiring equity capital of project companies responsible for the building and management of JESSICA initiatives. The UDF will return invested resources by means of capital gains and dividends of project vehicles. Within this scenario JESSICA resources will have a risk and return scheme comparable to other investors, as defined in the State Aid Regulation. 2. Lender to project vehicles – in this scenario the UDF lends JESSICA resources to project companies responsible for the building and management of JESSICA initiatives. In this scenario JESSICA resources will gain an interest rate comparable to market levels, as required by the State Aid Regulation. 3. Lender to Public Authorities – in this scenario the UDF lends JESSICA resources to the Public Authorities responsible for the building of IPSUD projects. Public Authorities will have to return funds plus previously defined interests to the UDF. In this case the State Aid regulation allows UDF to ask for an interest rate eventually lower than market rates. PILOT PROJECTS The Tuscany administrative Region, on the basis of a general analysis
Load more

Recommended publications
  • Seawater Intrusion Via Surface Water Vs. Deep Shoreline Salt-Wedge: a Case History from the Pisa Coastal Plain (Italy)
    Groundwater for Sustainable Development 2-3 (2016) 73–84 Contents lists available at ScienceDirect Groundwater for Sustainable Development journal homepage: www.elsevier.com/locate/gsd Research paper Seawater intrusion via surface water vs. deep shoreline salt-wedge: A case history from the Pisa coastal plain (Italy) F. Franceschini a,b,n, R. Signorini a a Earth Sciences Department of Pisa University, Via S. Maria, 53, 56126, Pisa, Italy b Environmental Protection Agency of Tuscany (ARPAT), Via Vittorio Veneto, 27, 56127, Pisa, Italy article info abstract Article history: This study analyses data regarding the quality of surface water in the Pisan plain between the mouth of Received 24 July 2015 the Arno river, Pisa and Livorno in order to identify the origin of the high chloride content derived from Received in revised form the sea water in areas far from the coast. We used existing environmental monitoring data from the 29 April 2016 study area integrated with data from the present study. Accepted 14 May 2016 The study involved measuring the piezometric levels and electrical conductivity (EC), together with a Available online 10 June 2016 chemical analysis of the surface water and phreatic aquifer (water table aquifer) samples. Data acqui- Keywords: sition through sampling along coastline piezometers, was carried out in 2008. In the summer of 2012 we Salinity supplemented data regarding areas further inland with surveys of piezometric levels and EC in the Navicelli channel hydrographic network and shallow wells. The distribution of salinity was compared with a three-year Salt pollution monitoring survey carried out at the water sampling points in the Tombolo forest, an area about 5 km Land management Phreatic aquifer from the coastline.
    [Show full text]
  • The Elevation Net for the Saltwater Intrusion Phenomenon Analysis in the Coastal Plain of Pisa
    The International Archives of the Photogrammetry, Remote Sensing and Spatial Information Sciences, Volume XL-5/W3, 2013 The Role of Geomatics in Hydrogeological Risk, 27 – 28 February 2013, Padua, Italy THE ELEVATION NET FOR THE SALTWATER INTRUSION PHENOMENON ANALYSIS IN THE COASTAL PLAIN OF PISA G. Caroti a, A. Piemonte a, M. Redini b a Laboratorio A.S.T.R.O., Dipartimento di Ingegneria Civile e Industriale, Università di Pisa, Largo Lucio Lazzarino 1 56123 PISA, tel 050 221 7770, fax 050 221 7779, e-mail [email protected] b Comune di Pisa, [email protected] KEY WORDS: Surveying, Hydrology, Environment, DEM/DTM, LIDAR, Georeferencing, Model ABSTRACT: In coastal plains, such as that of Pisa, with particular reference to groundwater, the marine intrusion phenomenon occurs not only through the freshwater/saltwater interface in the aquifer along the shore line, but also by the rise of the salt wedge in water courses, in case they are in hydraulic connection with the aquifer itself. The depth of the interface is primarily regulated by the hydrostatic freshwater/saltwater balance, that can be modified by anthropic exploitation of groundwater. To this day, seawater intrusion is considered one of the most extensive and important processes that degrade water quality through an increase in salinity levels up to values exceeding the standard for drinking water and irrigation systems, and endangering the future use of coastal waters. Given the potential hazard of the phenomenon, control wells are set up in order to monitor its evolution, allowing to perform routine in-well analyses aimed at measuring its characteristic parameters.
    [Show full text]
  • Pisa PAC 2012
    Comune di Pisa - Pisamo ALL. 1 COMUNE DI PISA ASSESSORATO ALL’AMBIENTE ASSSESSORATO ALLA MOBILITA’ PIANO DI AZIONE COMUNALE PER IL RISANAMENTO E IL MANTENIMENTO DELLA QUALITÀ DELL’ARIA AMBIENTE PISA marzo 2012 Piani di Azione Comunale Pagina 1 Comune di Pisa - Pisamo Sommario 1. LA CARATTERIZZAZIONE DEL CONTESTO TERRITORIALE ................ 4 1.1. Informazioni generali sul territorio del Comune .......................... 4 1.2. Caratteristiche specifiche di aree del territorio comunale dove si sono avuti superamenti dei valori limite od aree che presentano comunque evidenti pressioni ............................................................................... 7 2. FATTORI DI PRESSIONE E CONDIZIONI METEOCLIMATICHE ............ 7 2.1. Le sorgenti di emissione in atmosfera ..................................... 7 2.2. Le condizioni meteo-climatiche. ........................................... 8 3. Stato della qualità dell’aria nel Comune .......................................... 8 4. AZIONI/MISURE PER IL MIGLIORAMENTO DELLA QUALITÀ DELL’ARIA 15 4.1. Azioni/misure previste e/o in corso di attuazione che comportano una riduzione delle emissioni ............................................................ 16 5. INTERVENTI STRUTTURALI NEL SETTORE DELLA MOBILITA’ ........... 21 5.1. Piano della mobilità dell’”AREA PISANA” ................................ 21 5.2. Azioni per la limitazione alla circolazione dei veicoli privati maggiormente inquinanti ............................................................ 22 5.3. ULTERIORI LIMITAZIONI ALLA
    [Show full text]
  • Urban Analysis and Development
    Urban analysis and development studies for the area of the Santa Chiara Hospital in the city of Pisa (Italy): a comparison between different redevelopment options 1 Sergio Mattia*, Alessandra Oppio**, Alessandra Pandolfi*** * Department of Architecture and Planning (Di.A.P.), Via Bonardi n. 3, Politecnico di Milano ([email protected]) ** Department of Building Environment Sciences and Technology (Best), Via Bonardi n. 9, Politecnico di Milano ([email protected]) 1. Introduction This paper represents an excerpt of the theses of the I cycle of the Master in “Real Estate Finance and Development – Part Time” and concerns the projects prepared for the International Town Planning Competition announcement called “Urban redevelopment of the University Hospital of Santa Chiara, facing Piazza dei Miracoli”, promulgated from the Town Council of Pisa (by the Building standards and urban redevelopment office of the Town planning division) in 2007 and developed through an only phase with pre-selection. The Competition terms have been accepted by 40 architecture design groups (of which, 10 have been selected for the following project pre-design stage 2) in order to solve the urban planning “conflict” emerged between the hospital uses of the involved area and the symbol of the Township of Pisa, the Unesco site of Piazza dei Miracoli, on which the Santa Chiara pole overlooks. The essential requirement of the International Competition was the selection of the best design idea on the basis of some fundamental principles, particularly referring to the capability of the scheduled investments to create value: therefore, the primary purpose of the Master theses was to evaluate the extent to which every project meets different levels of economical and financial balance.
    [Show full text]
  • Downloads/En Iucn__Glossary Definitions.Pdf (Accesso Giugno Wp-Content/Uploads/2012/12/2008%20-%20Guidance%20To%20 2014)
    a cura di ES-LCA e patrimonio naturale Maria Chiara Life Cycle Analisi ambientale e sociale Torricelli di un’area protetta FIRENZE PRESSUNIVERSITY z ricerche di architettura restauro paesaggio design città e territorio La collana Ricerche di architettura, restauro, paesaggio, design, città e territorio, ha l’obiettivo di diffondere i risultati della ricerca in architettura, restauro, paesaggio, design, città e territorio, con- dotta a livello nazionale e internazionale. Ogni volume è soggetto ad una procedura di accettazione e valutazione qualitativa basata sul giudi- zio tra pari affidata al Comitato Scientifico Editoriale del Dipartimento di Architettura e dal consiglio editoriale della Firenze University Press. Tutte le pubblicazioni sono inoltre open access sul Web, favorendone non solo la diffusione ma anche una valutazione aperta a tutta la comunità scientifica internazionale. Il Dipartimento di Architettura dell’Università di Firenze e la Firenze University Press promuovono e sostengono questa collana per offrire il loro contributo alla ricerca internazionale sul progetto sia sul piano teorico-critico che operativo The Research on architecture, restoration, landscape, design, the city and the territory series of sci- entific publications has the purpose of divulging the results of national and international research carried out on architecture, restoration, landscape, design, the city and the territory. The volumes are subject to a qualitative process of acceptance and evaluation based on peer review, which is entrusted to the Scientific Publications Committee of the Department of Architecture (DIDA) and to the Editorial Board of Firenze University Press. Furthermore, all publications are available on an open-access basis on the Internet, which not only favors their diffusion, but also fosters an effec- tive evaluation from the entire international scientific community.
    [Show full text]
  • Proceedings E Report 115 REPORT of the INTERNATIONAL TECHNICAL and SCIENTIFIC COMMITTEE of FLORENCE 2016 on the PROTECTION of FLORENCE from FLOODING
    Proceedings e report 115 REPORT OF THE INTERNATIONAL TECHNICAL AND SCIENTIFIC COMMITTEE OF FLORENCE 2016 ON THE PROTECTION OF FLORENCE FROM FLOODING Prof. Günter Blöschl, Vienna University of Technology Prof. Gerald Galloway, University of Maryland, Chair Prof. Marcelo Garcia, University of Illinois Prof. Alberto Montanari, University of Bologna Prof. Giovanni Seminara, University of Genoa Prof. Luca Solari, University of Florence (for biographical information see Appendix B) Saving a World Treasure: Protecting Florence from Flooding Gerald Galloway Giovanni Seminara Günter Blöschl Marcelo Garcia Alberto Montanari Luca Solari Firenze University Press 2017 Saving a World Treasure: Protecting Florence from Flooding / Gerald Galloway, Giovanni Seminara, Günter Blöschl, Marcelo Garcia, Alberto Montanari, Luca Solari. – Firenze : Firenze University Press, 2017. (Proceedings e report ; 115) http://digital.casalini.it/9788864536781 ISBN 978-88-6453-677-4 (print) ISBN 978-88-6453-678-1 (online) Graphic design Alberto Pizarro Fernández Front cover photo: Photo by Nicla Falconi Citation: Galloway, G., Seminara, G., Blöschl, G., Garcia, M., Montanari, A., Solari, L. 2017. Saving a World Treasure: Protecting Florence from Flooding. Florence: Firenze University Press 2017. (http://www.fupress.com/catalogo/saving-a-world-treasure-protecting-florence-from-flooding/3517) Peer Review Process All publications are submitted to an external refereeing process under the responsibility of the FUP Editorial Board and the Scientific Committees of the individual series. The works published in the FUP catalogue are evaluated and approved by the Editorial Board of the publishing house. For a more detailed description of the refereeing process we refer to the official documents published on the website and in the online catalogue of the FUP (www.fupress.com).
    [Show full text]
  • Guide of Recommendations for the Planning and Management of Industrial Estates Through Industrial Ecology- November 2006
    GGUUIIDDEE OOFF RREECCOOMMMMEENNDDAATTIIOONNSS FFOORR TTHHEE PPLLAANNNNIINNGG AANNDD MMAANNAAGGEEMMEENNTT OOFF IINNDDUUSSTTRRIIAALL EESSTTAATTEESS TTHHRROOUUGGHH IINNDDUUSSTTRRIIAALL EECCOOLLOOGGYY CREDITS GUIDE OF RECOMMENDATIONS FOR THE PLANNING AND MANAGEMENT OF INDUSTRIAL ESTATES THROUGH INDUSTRIAL ECOLOGY- NOVEMBER 2006 DIRECTION OF THE REDACTION Xavier Martí I Ragué – Department of Environment and Housing – Government of Catalonia REDACTION Magali Outters – Sistemas Medioambientales, SL COLLABORATION TO THE REDACTION Dr. Cyril Adoue – Systèmes Durables, SARL Laura Buguña Hoffman, Aida Calderón Boix – SINERIA, SL Francisco González Rodríguez – Sistemas medioambientales, SL INTERNATIONAL WORKGROUP Paula Querci, Cecilia Grazzini, Luciano Giovanelli - ARPAT (Environmental Protection Agency – Tuscany Region) – Italy Daniele Antinarella, Luca Lazzaretti – Region of Abruzzo - Italy Eleni Manolopoulou, Calliope Dempeli – Region of Peloponnesus – Greece Takis Tsagronis – NOUS, SA – Peloponnesus - Greece 2 INTRODUCTION ............................................................................ 10 1. Introduction to industrial ecology and circular economy .................................. 11 1.1. Definition............................................................................................................ 11 1.2. Guiding principles .............................................................................................. 13 1.2.2. Seal: minimise losses by dissipation..........................................................
    [Show full text]
  • The Historical Development of the Port of Livorno (Italy) and Its New Port Plan 2010 in Advanced Stage of Elaboration
    The historical development of the port of Livorno (Italy) and its new Port Plan 2010 in advanced stage of elaboration Alberto Noli, University of Rome “La Sapienza”, Faculty of Engineering - DITS, Rome, Italy, [email protected] Paolo De Girolamo, University of L’Aquila, Faculty of Engineering - DISAT, L’Aquila, Italy, [email protected] Roberto Piccini, Livorno Port Authority, Livorno, Italy Claudio Vanni, Livorno Port Authority, Livorno, Italy Andrea Del Corona, Livorno Port Authority, Livorno, Italy Marco Tartaglini, Modimar s.r.l., Abstract The geographical location makes the port of Livorno one of the most important in Italy. The port, in-fact, benefits of an extended network of roads and rails connecting it with the rest of Italy, and central and southern Europe as well. The history of Livorno and of its port is inextricably linked to that of Pisa and Florence, and to the complexity of events that determined the political set-up of the region along several centuries. Looking at the new Port Plan of Livorno has made it necessary an extensive overview of the history of both the port, and of its planning. Keywords: History, Italy, Livorno, Plan, Port. 1. Geographical context The Port of Livorno is the most important port in Tuscany and one of the most important in Italy, as it has a strategic geographical location, and a good inland transportation infrastructure (see Fig.1). In 2008 the Port of Livorno has passed the milestone of 34 million tons handled in total. In 2009, in connection with the serious global recession, the port recorded a decline of 21.3% of traffic.
    [Show full text]