Donor: EU – PHARE
Budget: € 3,907,399
Project Description:
The project has performed a thorough assessment of all Environmental Plans and a Cost Assessment related to these plans, and developing a consequent Financing Strategy, including the Structural and Cohesion Funds.
The project had the following objectives:
- To assess the costs associated to the implementation of EU environmental directives and evaluation of the financial needs for their implementation;
- Development of a cost assessment for the implementation of EU environmental directives;
- Elaboration of a sound Environmental Financing Strategy with sector and regional priorities, funding sources and models for preparing feasible environmental investment projects;
- Analysis of cost effectiveness of the project, implementation of CBA, financial analysis and cash flows;
- To provide training to the Ministry of Agriculture, Forests, Waters and Environment;
Activities carried out:
- Review of previous projects results and evaluation of financial needs;
- Development of a detailed cost assessment and regional distribution or required investments including cost benefit analysis, financial analysis and cash flow analysis;
- Elaboration of an environmental financing strategy and investment plan;
- Updating the National Environmental Action Plan (NEAP) for 2004 and reviewing the procedures required to access different financing sources;
- Training of all relevant Ministry staff and final awareness seminar