This (2-stage) online course will focus on the new Project Appraisal requirements for EU co-financed investment projects and the new Economic Appraisal Vademecum of DG REGIO. It will clarify the link with the Cost-Benefit Analysis (CBA) Guide and the CBA requirements of the Connecting Europe Facility.

In 2021-2027, Major Projects will no longer be specifically defined. Nor will there be an EU approval mechanism for large investment projects. However, Member States are still obliged to select the most cost-effective projects.

The new Economic Appraisal VADEMECUM provided by the EC for the period 2021-2027 is provided as a supplement to the European Commission (DG REGIO) CBA Guide, which will remain in use. It highlights good practices in project appraisal, offering a guide to simplified CBA, and other appraisal techniques, such as cost-effectiveness tests and multi-criteria analyses.

This 5-day course has 2 stages: basic and advanced.

Stage 1 (basic) will cover the methods, concepts and calculations contained in the DG REGIO Cohesion Policy CBA Guide. If you do not wish to participate in Stage 1, you can register for the 3-day advanced course only.

In Stage 2 (advanced), experts from the European Commission, the European Investment Bank, INEA (the Innovation and Networks Executive Agency), and the academic world will discuss:

- best practice in using CBA for project appraisal
- best practice from Major Projects
- the new DG REGIO requirements
- alternative project appraisal techniques; project quality standards, 2021-2027
- Operations of Strategic Importance (OSI)
- Using CBA under the Connecting Europe Facility