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42<br />

C H A P T E R 1<br />

T H E R O L E O F T H E P R I O R I T Y E N V I R O N M E N TA L I N V E S T M E N T P R O G R A M M E F O R S E E<br />

S T R AT E G I C M O V E S<br />

<strong>and</strong> to provide opportunity <strong>for</strong> direct dialogue <strong>and</strong> the exchange of in<strong>for</strong>mation between<br />

project proponents, donors, financial institutions <strong>and</strong> relevant authorities.<br />

The updating of the lists of priority environmental investment projects was intensified<br />

during this period, being carried out twice annually in order to create a living,<br />

up-to-date document <strong>for</strong> the benefit of the countries <strong>and</strong> of the regional<br />

cooperation framework using the lists.<br />

The PEIP team continued their mission to SEE countries to promote the PEIP<br />

lists <strong>and</strong> to identify synergies between IFIs, regional cooperation facilities <strong>and</strong> donors.<br />

Two manuals were produced, targeted at waste <strong>and</strong> water utility companies in<br />

the SEE region.<br />

Publications within the PEIP<br />

The present book follows a number of other publications produced within the<br />

framework of the PEIP:<br />

Developing a Priority <strong>Environmental</strong> Investment Programme <strong>for</strong> South Eastern<br />

Europe (2003) — This report introduced the PEIP methodology <strong>and</strong> presented the<br />

results of PEIP development up to 2003, including SEE regional environmental<br />

priorities <strong>and</strong> a list of priority environmental projects <strong>for</strong> the SEE region. The report<br />

lists conclusions <strong>and</strong> future actions needed to implement the PEIP.<br />

Targeting the <strong>Environmental</strong> Investment Challenge in South Eastern Europe<br />

(2005) — This publication comprises a comprehensive analysis of the situation in<br />

terms of environmental infrastructure in the SEE region up to December 2005. It<br />

explores the developments in environmental infrastructure investment projects in<br />

the air, water <strong>and</strong> waste sectors <strong>and</strong> provides recommendations <strong>for</strong> the way <strong>for</strong>ward.<br />

In 2009, two manuals were developed targeted at water <strong>and</strong> waste service utilities<br />

in SEE countries: Strategies <strong>for</strong> Re<strong>for</strong>m: A Manual <strong>for</strong> Water Utilities in South<br />

Eastern Europe (April 2009); <strong>and</strong> Speeding up Investments in the Waste Sector: A<br />

Manual <strong>for</strong> Waste Utilities in South Eastern Europe (August 2009). The manuals are<br />

based on the premise that the capacity of the utilities is the main bottleneck to investments<br />

in water <strong>and</strong> waste infrastructure, rather than the availability of funding.<br />

The manuals cover the institutional re<strong>for</strong>m of the water <strong>and</strong> waste utilities as well<br />

as organisational re<strong>for</strong>m, starting with better strategic planning <strong>and</strong> focusing on<br />

the topics of human resources management <strong>and</strong> options <strong>for</strong> cost savings. The other<br />

side of the equation is also tackled through a discussion of methods <strong>for</strong> enhancing<br />

revenues through suitable tariff designs.<br />

A list of other relevant REC publications in the area of environmental infrastructure<br />

investments <strong>and</strong> financing is provided in Annex 4.<br />

The role of the PEIP<br />

During the implementation of the programme there have been significant developments<br />

in the area of environmental investments in SEE countries. At the start<br />

of the programme, countries lacked experience in strategic planning <strong>and</strong> in priori-

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