The Economic Appraisal of Investment Projects at the EIB

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Version March 2013 – Under review


The EIB calculates the economic returns of its projects using internationally accepted methods. Beyond financial viability considerations, it also appraises the socio-economic costs and benefits to make sure that the projects the EIB finances constitute a sound contribution to society at large. This analysis is an input for the three pillar framework for assessing projects, where economic interest is the main determinant of the key first pillar.

This guide was published in April 2013 in the EIB website. The transformation of the EIB into the EU Climate Bank, as well as research advances in some of the elements of the appraisal require that the guide be revised. Amongst some of the elements requiring revision there are: the cost of carbon, the value of time (VoT) in transport and the value of transport safety.

This version under review provides links to updated documents for their use until the new version of the guide is available.