Innovation and Networks Executive Agency

Glossary

The following definitions are provided for clarity and ease of reference. They have no legal authority and they do not replace any official definitions.

 

Action set of activities for which Union funding is requested, by means of an individual financing Decision established following a call for proposals
Action Status Report (ASR) an annual report submitted by the implementing body on the technical progress of the project against the initial plan, and the associated budget consumption. It is the main document used by the Agency to assess progress. For multi-annual projects, the ASR serves as the basis for deciding whether funding for the next phase of work should be allocated
Annual Work Programme (AWP) document which includes what calls for proposals will be opened in the year, as well as information about their scope and associated budget
Availability payment schemes financing schemes for infrastructure projects, built and operated by a private investor who receives periodic payments after the construction phase for the infrastructure service provided. The payment level depends on the degree of attainment of the contractually-agreed performance levels. Availability payments are made throughout the duration of a contract between the authority awarding the contract and the project promoter and serve to cover the construction, financing, maintenance and operational costs
Beneficiary one or more Member States, international organisations or joint undertakings (within the meaning of Article 171 of the Treaty) or public/private undertakings or bodies having complete responsibility for a project and proposing to invest their own resources or funds provided by third parties with a view to carrying out a project
Bottleneck in the field of transport means obstacles to speed and/or capacity which make it impossible to guarantee the continuity of transport flows
European Economic Recovery Plan (EERP) an ad hoc programme adopted in 2009 as a response to the economic and financial crisis facing Europe. In terms of TEN-T, it brings forward €500 million of TEN-T funds to support works which started in 2009 or 2010 were to be largely implemented over this two-year period in order to give an immediate boost to the European economy by accelerating investments in infrastructure
Eligible cost part of the project cost taken into consideration by the Commission for the calculation of Union financial aid
Financial Assistance Committee (FAC) a group of Member State representatives which assists the Commission in implementing the TEN-T programme
Global project a project in which several technically and financially separated parts (including one or more Actions) contribute to the completion of a high, indivisible objective. For example, a railway line connecting two or more metropolitan areas can be composed of several sections which are technically and financially identifiable, but the line (i.e. the global project) cannot start operations until all of the sections are complete
Loan guarantee instrument

a guarantee issued by the European Investment Bank (EIB) in favour of a stand-by liquidity facility that can be provided to projects of common interest in the field of transport and which:

  • covers the debt service risks due to demand shortfalls and the resulting unforeseen loss of revenue during the initial operating period of the project.
  • is used only for projects whose financial viability is based, in whole or in part, on revenues, tolls or other income paid by or on behalf of the users or beneficiaries
Part of a project any activity that is independent financially, technically or over time and which contributes to the completion of a project
Priority Project a project of common interest located on an axis or any other project considered to be a priority for the Union
Project cost total cost borne by a beneficiary of studies or works directly related to and necessary for carrying out a project
Project of common interest project/part of a project identified as being of common interest for the Union
Public-Private Partnership (PPP)

a long-term agreement between the public sector and the private sector to deliver a project or a service traditionally provided by the public sector. There are two broad categories into which PPP schemes fall: availability-based (or "availability risk") PPPs and revenue-based (or "demand/revenue risk") PPPs

Strategic Action Plan (SAP)

a project management document which identifies the activities to be carried out and the associated resources, timeline and dependencies. It is used to:

  • monitor project progress against the plan
  • provide decision-makers with all relevant information concerning deviation from plan, and their impact
Studies activities needed to prepare project implementation - including preparatory, feasibility, evaluation and validation studies, and any other technical support measure, including prior action to define and develop a project fully and decide on its financing, such as reconnaissance of the sites concerned and preparation of the financial package
Works purchase, supply and deployment of components, systems and services, the carrying out of construction and installation works relating to a project, the acceptance of installations and the launching of a project