BSEC Project Development Fund: A Presentation for the BSEC Workshop on Energy, Science

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BSEC Project Development Fund A Presentation
for the BSEC Workshop on Energy, Science
Technology and Environment20 April 2007Serbian
Chairmanship
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BSEC Workshop

• First, I wish to thank the Serbian Chairmanship
  for this important initiative, the PROMITHEAS
  PDF partnership for providing their expertise and
  organization,

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• the EU for participating and informing us on
  funding perspectives and of course the
  participants for accepting our invitation to
  attend this Workshop, hoping that it will be
  mutually beneficial and will lead to a closer
  collaboration in the field of regional projects

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PDF established in 2004

• The Fund became fully operational in 2004 when
  The Manual of Operations of the BSEC Project
  Development Fund was adopted by the BSEC
  Ministers of Foreign Affairs

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BSEC PDF in operation !

• In that way, BSEC did a concrete step towards
  implementing its project-oriented approach by
  providing an instrument for "seed money"

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Project Development ProcessHow?

• 1. An initial idea for a PROJECT is presented in
  compliance with the BSEC areas of cooperation and
  the guiding policies
• 2. The idea is further elaborated to become more
  concrete and justifiable

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Project Development Process

• 3. It is then submitted to PDF to finance a
  pre-feasibility study
• 4. After the PDF-financed stage, the expected
  follow-up should be the financing and
  implementation of the project!

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Project Development Process

• The objective is to finance PDF Applications that
  can lead to important projects (with an economic
  element) for the development of the Black Sea
  Region

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In other words.

• to facilitate the elaboration and promotion of
  (profit or non-profit) projects with high
  regional cooperation and development impact, at
  the very early stage of their conception, under
  the guidance of the relevant BSEC Working Group

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Eligible uses

• The Fund provides financial resources for
• any type of operation (study, concept
  development, demonstration activities etc.)
  leading up to the stage of a pre-feasibility
  study

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Initial capital

• Currently the Fund may provide Grants of up to
  15,000 for each project
• Projects are encouraged to find co-financing from
  other sources.

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Applications

• BSEC may finance projects that are
• analytical
• well presented, structured explained in
  English
• with a justified and realistic in purpose

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Applications

• with good project management
• with a good chance to be fully implemented
  in the future
• Answering the question Who will want to finance
  the project in the future?
• And a justified, realistic and analytical Budget

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A maturing PDF process

• PDF is gaining experience, as well as an
  increased number of Applications!
• PDF is eager to collaborate with partners and
  donors in launching joint projects!!

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Prime actors 3 Step procedureHow it works

• (1) The BSEC Working Groups (transport,
  communications, health, energy, tourism, etc.)
  evaluate and approve the relevant project
  Applications on their technical merit.

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Prime actors 3 Step procedure

• (2) The BSEC Committee of Senior Officials
  provides endorsement for project proposals,
  therefore deeming them eligible as BSEC
  multilateral projects

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Prime actors 3 Step procedure

• (3) The Steering Committee of the Fund decides
  which projects to finance and undertakes the
  management aspects of project financing,
  monitoring and control.

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Steering Committee (step 3)

• Powers
• Decision making power on the distribution of the
  Funds resources (takes the final decision)
• Voting
• Only the Member States which have transferred
  their voluntary contribution to the Fund have
  voting powers in the Steering Committee

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Steering Committee

• When it comes to voting for a project, the Member
  States, whose entities participate in the
  project, must be in favor

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Project Proposals

• In order to ensure their multilateral character
  project proposals shall involve legal entities
  from at least three (3) BSEC Member States

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Project Proposals

• Entities from non BSEC countries (e.g. Observers)
  are encouraged to participate but they cannot
  share the PDF budget.

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Project Proposals

• Eligible recipients are any legal entities (not
  persons) from the BSEC Member States whose
  proposals will be supported by the national
  authorities.

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Project Proposals

• They must be proposed through the relevant
  Working Group and have the support of the Member
  States involved
• Must be submitted in a Standard Application Form
  for funding a PDF Project (available on the BSEC
  website).

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Project Selection Criteria

• Project proposals must satisfy the BSEC selection
  criteria
• The expected outputs of the project should agree
  and promote the principles and objectives of the
  BSEC.
• The Applicants must present an Assessment report
  on how their project implements Council
  Resolutions, etc.

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Project Selection Criteria

• The expected outcome of the project must be
  relevant to the proposed project objectives and
  sufficiently described.
• Timetable for operations, estimated costs and
  project management structure must be reasonable.

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Project Selection Criteria

• The applicants must have the capacity to
  implement the project.
• The project should involve as many BSEC countries
  as possible.
• There must be some economic element in the project

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Project Selection Criteria

• The possibility of the project to be implemented
  after the completion of the BSEC-financed
  component. (Who will want to finance it ?)
• The proposed project should seek to increase
  synergies between BSEC and EU. Can the project
  bring BSEC closer to the EU?

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BSEC PDF AND YOU TOGETHER!

• Lets work together to achieve our common goals
  for the benefit of the Black Sea Region and its
  peoples!

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Information

• Further information on the Fund and its latest
  news can be obtained in the BSEC Web address
• www.bsec-organization.org
• BSEC PERMIS is at the disposal of any institution
  of the Member States in order to provide
  information on PDF projects

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BSEC Project Development Fund

• THANK YOU
• FOR YOUR ATTENTION
• AND
• FOR BRINGING YOUR INSTITUTIONS CLOSER TO BSEC!