Best And Final Offer, a second stage bid in a public procurement competition.
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The EIB Board of Directors which has sole power to take decisions in respect of loans, guarantees and borrowings.
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EIB's Management Committee (q.v.) | |
EIB's Board (q.v.) | |
Horizontal unit within OPS to disseminate skills and expertise in key areas of activity, e.g. PPPs. | |
A set of procedures and protocols established within an organisation to avoid conflicts of interest when dealing with competing clients.
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A contract between the Promoter and the Provider (Concessionaire) to provide a specified service or facility (e.g. a road) over a specified period, with payments being made by end-users.
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European Investment Bank
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Economic Internal Rate of Return | |
European Union institution responsible for the collection and analysis of EU-wide statistical information. | |
EIB Operations Evaluation (Ex-Post) | |
EIB Finance Directorate | |
The point at which commercial and financing contracts have been signed and conditions precedent to the first debt drawdown have been fulfilled
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Financial Internal Rate of Return
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Interest During Construction | |
EIB Legal Directorate | |
Internal EIB committee, comprising the Bank's President and Vice-Presidents
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Operation and Maintenance
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EIB Directorate for Lending Operations (OPerationS) | |
EIB Directorate for Lending Operations - EU Member Countries | |
EIB Directorate for Lending Operations - Other Countries | |
Private Finance Initiative, a term primarily used in the UK for PPP projects
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EIB ProJects Directorate - Responsible for the ex-ante techno-economic analysis of the projects and physical monitoring of implementation and completion.
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See RQ | |
Public-Private Partnership - see §2.1 | |
A clearly-defined investment in physical assets, e.g. a specific section of road, a bridge, etc. | |
A loan made primarily against the cash flows generated by the project, rather than relying on a corporate balance sheet, the security value of the physical assets, or other forms of security. | |
Normally the persona responsible for identifying, developing, implementing and operating a project. Specifically on PPPs, the Promoter is the public-sector awarding authority responsible for identifying and developing the project, managing the PPP process, and the signatory to the PPP contract. | |
The persona responsible for the implementation and operation of a PPP project, under the PPP contract with the Promoter. | |
Public Sector Comparator: A procedure by which a Promoter seeks to compare the total cost of creating, operating and maintaining a piece of public infrastructure using the PPP mechanism as opposed to using direct public-sector procurement. | |
Payment mechanism whereby the Provider's revenues come directly from the users of the infrastructure, e.g. roads, bridges. | |
EIB Risk Management Directorate, responsible for credit appraisal and portfolio management | |
Relevé Quotidien/Preliminary Information Note - Note which formally launches the project cycle within the Bank, outlining the main characteristics of the proposed operation. | |
Payment mechanism whereby the Provider's revenues come from the Promoter, based on usage of the project, rather than the end-user directly. | |
Special Purpose Vehicle - A company, with its own legal persona, set up for limited set of specific purposes, e.g. to borrow for the construction of a project, to place contracts for construction and maintenance, and to receive remuneration.
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A hedging contract to convert a variable interest rate into a fixed rate.
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Technical Adviser - Engineering consultants retained by the lenders to monitor technical and engineering aspects of the project.
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Trans-European Networks. Priority transport and communication links for the European union
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A contract for the design and construction of a complete project. | |
EIB Lending department responsible for UK, Ireland and Denmark
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Value for Money. A measure of the economic efficiency of a project.
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