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About us Members Positions Issue July 2017
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Dear Reader,

you can now register online for the EIC Autumn Conference in Paris on 12-13 October. EIC has reserved a number of rooms at special rates, available until Aug 31 at the conference hotel InterContinental Avenue Marceau and until July 31 at close-by hotels Radisson Blu Champs Elysées and Hotel Warwick. Make sure to book your hotel room via the conference website at your early convenience but as soon as possible.

Sincerely,
Your EIC Team

Headlines
Meeting of the EIC Working Group Africa 

EIC’s Working Group Africa met on 29 June 2017 with representatives from the European Commission to discuss the new EU PRAG rules for Design-Build and Operate projects and the EU External Investment Plan (EIP). Read more...

Publication on Corporate Responsibility 

EIC’s Working Group CR met on 30 May 2017 to proceed with the drafting on a new EIC publication on best practice in handling Corporate Responsibility matters in the international construction markets. Read more...


News from Bruessels
European Development Days 2017

The 11th edition of the European Development Days (EDD) took place in Brussels on 7-8 June 2017 with a specific focus on investing in development, youth, job creation in Africa and brought together Heads of State or Government, business leaders and stakeholders. Read more...


Multilateral & International Issues
CICA Meeting with Japan's JBIC and Asian Development Bank in Tokyo

EIC Director Frank Kehlenbach participated in the FIEC delegation to the spring 2017 CICA Council Meeting as well as meetings with ADB and JBIC on 12 June 2017 in Tokyo. Read more...

2nd Annual Conference of AIIB in Republic of Korea's Jeju Island

EIC President Philippe Dessoy and Director Frank Kehlenbach participated in the 2nd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) hosted by the Government of the Republic of Korea from 16-18 June 2017 on Jeju Island. Read more...

Brief Notices

EIC Conference in Paris on 12-13 October

The upcoming conference will be held in Paris on 12-13 October 2017 with a workshop on: The Global Infrastructure Funding Gap – Why it exists and how it can be overcome. Online registration is now open.

FIDIC Intl Infrastructure Conference 2017

Jakarta, the center and hub of Indonesia’s national finance and trade, seat of its national and provincial government, is host of the FIDIC 2017 International Infrastructure Conference which will be held on 1-3 October. Read more...


 

 
Headlines

EIC Meeting of the Working Group Africa

Paris   EIC’s Working Group Africa met on 29 June 2017 with representatives from the European Commission to discuss the new EU PRAG rules for Design-Build and Operate projects and the EU External Investment Plan (EIP).

EU PRAG for Design-Build and Operate

The discussion with Mr. Torres Martinez, Transport Programme Manager at DG DEVCO, focused on the contractor’s responsibility under the EU-PRAG General Contract Conditions for Design-Build projects. Whilst contractors feel uncomfortable with the demanding risk profile, the EU Commission announced that such risk transfer would be mitigated by preparing the necessary studies allowing bidders to submit their bids having regard to all relevant technical details.

EU External Investment Plan soon to become operational

Ms. Spranger, Cooperation Manager at the Financial Instruments Unit at DG DEVCO, reported that EU ambassadors have endorsed the compromise reached between the EU Presidency and the European Parliament on the proposal for a regulation on the establishment of the European Fund for Sustainable Development (EFSD). The EFSD is the main instrument for the implementation of the European External Investment Plan (EIP) to support investment in African and neighbourhood countries.

The EFSD will operate as a "one-stop shop" to receive financing proposals from financial institutions and public or private investors and deliver a wide range of financial support to eligible investments, including infrastructure. It will offer guarantees and use blending mechanisms to encourage the private sector to invest in more risky contexts, such as fragile states or conflict-affected areas. The Parliament and the Council will now be called on to formally adopt the regulation, in order to be able to setup the fund as soon as possible

World Bank Webinar on Enhanced ESHS Outcomes through Procurement

The Working Group also participated to a World Bank Webinar on “Enhanced ESHS Outcomes through Procurement”. The World Bank enhancements address recent lessons learned and cover topics such as Employer’s Requirements relating to ESHS, ESHS Code of Conduct, Performance Security and Provisional Sums. EIC and CICA shall submit their view on this new development in due course.

Links:
Proposal for a Regulation on the European Fund for Sustainable Development (EFSD)
World Bank Key ESHS Enhancements

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Headlines

EIC Publication on Corporate Responsibility 

Frankfurt   EIC’s Working Group “Corporate Responsibility” (CR) met on 30 May 2017 to proceed with the drafting on a new EIC publication on best practice in handling Corporate Responsibility matters in the international construction markets.

Contribution of European contractors to UN Sustainable Development Goals

The upcoming EIC publication will be structured around the four key topics “People, Planet, Prosperity and Good Governance” and will highlight the various contributions by European international contractors to the UN Sustainable Development Goals. In this context, the EIC position will address the ten most important CR aspects relevant for the construction industry: Adapting to Climate Change, Business Ethics, Continuous Learning and Transfer of Know-how, Creating added value in communities, Engagement with Stakeholders, Greening Operations and Conserving Resources, Health & Safety, Human Rights and Diversity, Labour Conditions and Supply Chain Responsibility.

New EU Platform on SDGs

EIC has also responded to a call for applications for the selection of members of a new "Multi-Stakeholder Platform on the implementation of the Sustainable Development Goals in the EU". The platform will support and advise the European Commission and all stakeholders involved on the implementation of the SDGs at EU level, support and advise the European Commission in relation to Commission events on sustainable development, and provide a forum for exchange of experience and best practice on the implementation of the SDGs across sectors and at local, regional, national and EU level.

Links:
EU Sustainable Development Goals (SDGs) Multi-Stakeholder Platform

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News from Bruessels

European Development Days 2017

Brussels   The 11th edition of the European Development Days (EDD) took place in Brussels on 7-8 June 2017 with a specific focus on investing in development, youth, job creation in Africa and brought together Heads of State or Government, business leaders and stakeholders.

Signature of the New Consensus on Development

A key moment of the European Development Days was the signature of the European Consensus on Development, a strategic document, outlining the future of European development policy. For the first time, the Consensus will apply in its entirety to all EU Institutions and all Member States, who are committed to work more closely together. This document shall be understood at the EU answer to the implementation of the 2030 Sustainable Development Goals Agenda.

EU-African Business Forum

In parallel, this year's EU-African Business Forum (EABF) was held on 7 June. This one-day event was part of a series of events being organised across Africa and Europe on three key topics, green energy, agri-business and digitalisation. Outcomes from the event will include a business declaration to be presented at the 5th Africa-EU Summit of Heads of State and Government, due to take place on 29-30 November in Abidjan, Côte d'Ivoire.

During the EABF, representatives from the EU Commission presented again the European Commission’s External Investment Plan. The plan identifies ways for the private sector to contribute towards the 2030 Sustainable Development Goals by de-risking some investments. The EU Commission shall highlight the principles of its External Investment Plan again in Abidjan. However, the Agenda of the next summit is still being set up between African and European counterparts.

Links:
European Development Days 2017

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Multilateral & International Issues

CICA Meeting with Japan's JBIC and Asian Development Baank in Tokyo

Tokyo   EIC Director Frank Kehlenbach participated in the FIEC delegation to the spring 2017 CICA Council Meeting as well as meetings with ADB and JBIC on 12 June 2017 in Tokyo.

Change of CICA Statutes to attract new members

During the CICA Council Meeting the question was discussed how to make CICA membership more attractive for national federations. EIC and FIEC held the view that CICA’s pyramid structure as enshrined in Article 4 of the CICA Statutes is essential. At the same time, any national association of company should have the possibility to become a supporting member of CICA.

Meetings with JBIC, ADB and MLIT

Being in Tokyo, the Japanese host association, OCAJI, had arranged for meetings of the CICA delegation with the Asian Development Bank (ADB), the Japanese Bank for International Cooperation (JBIC) and the Japanese Ministry for Land, Infrastructure, Transport and Tourism (MLIT). JBIC highlighted the Japanese government’s initiative on “Partnership for Quality Infrastructure: Investment for Asia’s future” under which Japan, in collaboration with the ADB, will provide approximately US$110 billion for quality infrastructure investment in Asia over the next five years. In that context, the main mission of JBIC is to improve the international competitiveness of Japanese industries.

ADB informed that in the year 2016, which marked the 50th anniversary of the institution, it had approved loans and grants to totalling a record US$ 17.5 billion, whilst disbursements also scaled new heights, rising to more than US$ 12 billion. ADB’s private sector operations amounted to more than US$ 2.5 billion and on the back of strong partnerships with other development stakeholders, ADB mobilised co-financing worth US$ 14 billion.

Links:
JBIC Website
ADB Website

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Multilateral & International Issues

Annual Conference of AIIB on Republic of Korea's Jeju Island

Jeju Island   EIC President Dessoy and Director Kehlenbach participated in the 2nd Annual Meeting of the Asian Infrastructure Investment Bank (AIIB) hosted by the Government of the Republic of Korea from 16-18 June 2017 on Jeju Island.

AIIB membership now excels that of ADB

The conference was opened by the President of Korea, Moon Jae-in, and gathered more than 2.500 participants from the public sector, business and civil society under the conference theme of “Sustainable Infrastructure”. The China-led AIIB was set up in January 2016 to complement existing institutions in the region and has approved to date US$ 2.5 billion in loan and equity investments. It expects to reach about US$ 4 billion by the end of this year.

Within its 18 months of existence, the AIIB has expanded its membership from originally 57 to 80 and thus its membership excels that of the Asian Development Bank (AIIB) with 67 members. In his Opening Remarks, President Jin Liqun, emphasised that the AIIB’s mission was currently restricted to Asia but envisaged a future of common prosperity beyond Asia.

AIIB Representative to address next EIC Workshop in Paris

AIIB’s scope of operation significantly differs from other MDBs due to its clear focus on infrastructure, including the mobilisation of private capital for infrastructure. AIIB does neither provide concessionary finance nor spend money on budgetary, programme or reform lending. It has one single balance sheet for sovereign-backed and private sector loans which can be disbursed to central government entities, sub-national entities, state-owned enterprises, private sector companies or hybrid structures.

In its talks with key decision-makers in the AIIB, EIC representatives expressed an interest of the European construction industry to collaborate with the AIIB. It was agreed that an AIIB representative will introduce the business opportunities for European international contractors in the context of the Workshop of the upcoming EIC autumn 2017 Conference in Paris.

Links:
AIIB Annual Conference 2017

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Picture Credits: VINCI © William Daniels

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