“Elaboration of the East Mediterranean Motorways of the Sea Master Plan”
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“ELABORATION OF THE EAST MEDITERRANEAN MOTORWAYS OF THE SEA MASTER PLAN” DELIVERABLE 6.2 “REPORT ON FINANCIAL INVESTMENT AND TIME PLANNING FOR THE IMPLEMENTATION OF THE EAST MEDITERRANEAN MOTORWAYS OF THE SEA” DECEMBER 2009 Eastern Mediterranean Region MoS Master Plan Study TABLE OF CONTENTS Introduction..................................................................................................................8 1 MoS projects financing......................................................................................11 1.1 Overview of MoS services ............................................................................11 1.2 Sources of financing of infrastructure investments.......................................15 1.3 Source of financing of MoS services ............................................................31 1.4 Other sources of financing ............................................................................37 1.5 Summary of the main sources of financing...................................................42 2 Investments and time planning for all MoS projects......................................44 2.1 Approach .......................................................................................................44 2.2 Financing infrastructure investments, and annual budget for implementation 47 2.3 Services financing and budget for implementation.......................................77 3 Investments and time planning: micro level analysis .....................................83 3.1 1st Call for proposals.....................................................................................83 3.2 1st Call-Projects description ..........................................................................85 3.3 2nd Call for proposals.....................................................................................95 3.4 2nd Call-Projects description..........................................................................96 3.5 Total Infrastructural investments ..................................................................99 3.6 Financing infrastructure investments ..........................................................104 4 Public Private Partnership..............................................................................106 4.1 PPP Models .................................................................................................107 4.2 Summary of PPP Models ............................................................................110 4.3 Combining EU grant funding with PPPs for infrastructure projects...........113 4.4 PPP applications for MoS projects..............................................................116 5 Action Plan .......................................................................................................118 5.1 Horizontal actions for the development of MoS services ...........................118 5.2 Vertical actions: next steps for each MoS proposals...................................136 5.3 Time planning for the implementation........................................................140 5.4 Annual budget for implementation .............................................................153 5.5 Monitoring mechanism of implementation.................................................157 5.6 Institutional set-up for each MoS project....................................................162 5.7 Institutional structure for EC financial support...........................................164 ANNEXES ................................................................................................................167 Annex I – List of port projects...............................................................................168 Annex II – Application for EU funds ....................................................................177 Annex III – Initial Promotion Plan .......................................................................188 Deliverable 6.2 2 Eastern Mediterranean Region MoS Master Plan Study TABLE OF FIGURES Figure 1-1 Net new routes in North Europe and in the Mediterranean, 2005–2008 ...13 Figure 1-2 – Main relations among port operations’ stakeholders ..............................17 Figure 1-3 - Marco Polo’s budget allocation to SSS services for each call (M€) .......33 Figure 2-1 – Major port clusters and their connections by cargo type ........................49 Figure 2-2 – Main project categories (%)....................................................................51 Figure 2-3 – Number of port projects by category and Country.................................52 Figure 2-4 – Total amount of port projects by category and Country (%) .................53 Figure 2-5 – Beta parameters by type of project..........................................................63 Figure 2-6 – Cost Database and Funding Analysis......................................................65 Figure 2-7 – Italian infrastructure investments by year and stage of maturity (M€), 2008-2015 ....................................................................................................................70 Figure 2-8 - Greek infrastructure investments by year and stage of maturity (M€), 2008-2015 ....................................................................................................................70 Figure 2-9 - Maltese infrastructure investments by year and stage of maturity (M€), 2008-2015 ....................................................................................................................71 Figure 2-10 - Slovenian infrastructure investments by year and stage of maturity (M€), 2008-2015..........................................................................................................72 Figure 2-11 - Cypriot infrastructure investments by year and stage of maturity (M€), 2008-2015 ....................................................................................................................72 Figure 2-12 - Total infrastructure investments by Country and year (M€),2008-201573 Figure 2-13 - Overview of Funding sources (current situation), 2008-2015...............74 Figure 2-14 - Scenario “Additional EU co-financing for port projects”, 2008-2015 .76 Figure 3-1: Value of projects submitted to the Call for proposals by category and Country (M€) .............................................................................................................102 Figure 3-2: Number of projects submitted to the Call for proposals by category and Country ......................................................................................................................103 Figure 4-1 – Public/Private involvement in PPP Models ..........................................112 Figure 4-2 -Financial gap approach ...........................................................................116 Figure 4-3 - Flat-rate system......................................................................................117 Figure 5-1 Stakeholders’ view by transport mode.....................................................122 Figure 5-2 – Time plan Corridor MoS 1....................................................................147 Figure 5-3 – Time plan Corridor MoS 2....................................................................148 Figure 5-4 – Time plan Corridor MoS 3....................................................................149 Figure 5-5 – Time plan Corridor MoS 4....................................................................150 Figure 5-6 – Time plan Corridor MoS 5....................................................................150 Figure 5-7 – Time plan Corridor MoS 6....................................................................151 Figure 5-8 – Time plan Corridor MoS 7....................................................................151 Figure 5-9 – Time plan Corridor MoS 8....................................................................151 Figure 5-10 – Time plan Corridor MoS 9..................................................................152 Figure 5-11 – Total infrastructure investments by Country and year (M€), 2008-2015 ....................................................................................................................................155 Figure 5-12 – Total infrastructure investments by MoS corridor and year (M€), 2008- 2015............................................................................................................................156 Figure 5-13 Monitoring and evaluation system.........................................................160 Figure 5-14 Main stakeholders to be involved in the institutional set-up of a MoS project ........................................................................................................................163 Figure 5-15 – Institutional set-up for each MoS project according to the TEN-T procedure....................................................................................................................166 Deliverable 6.2 3 Eastern Mediterranean Region MoS Master Plan Study LIST OF TABLES Table 1-1: Maritime routes established and ceased in the 2005 – 2007 period..........11 Table 1-2: Available co-financing for MoS by TEN-T budget for the TEN-T calls 2007-2012 ....................................................................................................................25 Table 1-3 – Budget of MoS projects, and estimated required TEN-T co-financing....26 Table 1-4: Eligible regions for Convergence objective (NUTS II), 2007-2013 .........27 Table 1-5: