Appraisal

Project appraisal is carried out by the EIB's teams of engineers, economists and financial analysts, in close cooperation with the promoter.

Criteria for a typical EIB appraisal are tailored to each specific project. Results are included in the project report to the Board of Directors for a financing decision.

eligibility (consistency with the EU's priority objectives)
Overall quality and soundness

Project quality is based on:

Technical scope:

definition of the project's "technical description";
technical soundness, innovative technology, risks and mitigation measures;
information on capacity for products/services.

Implementation:

promoter capability to implement the planned project;
information on timing and employment during implementation;

Operation:

promoter's capability to operate and maintain the project;
information on production/service, operating and maintenance costs, employment during operational life.

Procurement:

compliance with applicable legislation and EIB guidelines.

Environmental impact:

compliance with applicable legislation;
information on environmental impact assessment.

Market and demand:

analysis of the products/services demand over the project's life, with reference to sectoral studies of the Projects Directorate.

Investment cost:

information on project costs and its detailed components;
comparison with cost of similar projects.

Profitability:

information on financial profitability and related indicators (e.g. rate of return);
information on economic profitability.

Once financed, the project's progress is regularly monitored.