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14 Greek Airports receive funding for modernization projects

 

OTHER NEWS AFFECTING PROJECTS & PM

€968.4 million to Fraport Greece for infrastructure upgrades

27 March 2017 – London, UK and Athens, Greece – The European Bank for Reconstruction and Development (EBRD) has announced that, together with a consortium of lenders, it is supporting the modernisation of 14 regional airports in Greece. The EBRD is providing €186.73 million in long-term funds to Fraport Greece, the holder of a 40-year operating concession for the facilities.

The 14 airports include Aktio, Chania (Crete), Kavala, Kefalonia, Kerkyra (Corfu), Kos, Mitilini, Mykonos, Rhodes, Samos, Santorini, Skiathos, Thessaloniki (Greece’s second largest city) and Zakynthos. Combined, these airports served a total of about 25.2 million passengers in 2016.

Total financing provided by the EBRD, the International Finance Corporation (IFC), the Black Sea Trade and Development Bank (BSTDB), the European Investment Bank (EIB) and Alpha Bank amounts to €968.4 million. €280.4 million will be used for the financing of development works at the 14 airports. The modernisation and upgrading of the airport infrastructure will support the growth of Greece’s regions. The investments will promote the development of the tourism industry, a key driver of the Greek economy.

Meanwhile, the remainder of the loan will be used as part of the upfront concession payment of €1.234 billion to the Hellenic Republic Asset Development Fund (HRADF) paid by Fraport Greece as the concessionaire. Fraport Greece is a joint venture formed by Fraport AG Frankfurt Airport Services Worldwide and its partner Copelouzos Group.

Fraport AG is one of the leading companies in the international airport business, active on four continents through investments and subsidiaries. With Frankfurt Airport its home base, the company operates one of the world’s most important air transportation hubs. In total, Fraport employs around 21,000 people worldwide.

Copelouzos Group is a leading Greek industrial conglomerate with a wide range of portfolio activities, with core sectors being energy, airports and real estate.

Phil Bennett, EBRD First Vice President and Head of Client Services Group, said: “We are delighted to participate in this landmark transaction, which we expect to provide a much-needed boost to the Greek economy and to Greece’s regional development. The modernisation of this key infrastructure, supporting tourism in particular, will improve access, exchange and integration. The EBRD is especially pleased to support strategic partners who will bring private funding and expertise to regional airports in Greece and could provide an important model for future infrastructure development projects.”

Integration is one of the six transition qualities the EBRD sees as key elements of well-functioning market economies, with the remaining being competitiveness, inclusion, good-governance, green and resilience. These qualities are implicit in the EBRD’s founding articles.

The EBRD started investing in Greece on a temporary basis in 2015 to support the country’s economic recovery. The Bank’s priorities there include strengthening private companies and the financial sector, support for privatisation, infrastructure development and regional integration of the Greek economy. To date, the EBRD has invested almost €850 million in 17 projects in Greece. For more about EBRD projects in Greece, go to http://www.ebrd.com/greece.html

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to nurture the private sector in Central and Eastern Europe and ex-Soviet countries. The EBRD uses investment to help build market economies and democracies from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project financing for banks, industries and businesses. For more information, visit http://www.ebrd.com/index.htm

Source: EBRD

 

 

Zuma calls on Africans to prioritize water and sanitation projects

 

OTHER NEWS AFFECTING PROGRAMS & PROJECTS

24 March 2017 – Durban, South Africa – South Africa’s President, Jacob Zuma has called on his fellow African and world leaders “to prioritize access to water and sanitation.” Speaking in Durban, South Africa during a joint event to commemorate World Water Day and launch the 2017 World Water Development Report, Zuma said: “the bleak global picture presented in the 2017 World Water Development Report requires world leaders to urgently prioritize the improvement of access to essential water and sanitation services.”

Hundreds of local and international delegates including the African Development Bank (AfDB) gathered at the Inkosi Albert Luthuli International Conference Center in Durban on Wednesday, March 22, 2017 to commemorate World Water Day and launch the 2017 World Water Development Report.

Produced yearly since 2014, the World Water Development Report presents an exhaustive review of the state of global water resources and provide additional evidence for decision making. This year, the report focused on “Wastewater: The Untapped Resource.”

While acknowledging the distressing state of world water resources, Zuma said “we have the potential to create a new and more positive economic and social developmental pathway through water infrastructure investments, valuing water, catalyzing change, building partnerships and international cooperation, as well as creating better human settlements and data.”

The African Development has been at the forefront of financing water and sanitation programs in regional member countries since 1968. As a leader in water and sanitation services in Africa, the Bank was invited to provide its perspectives on how to accelerate the achievements of the Sustainable Development Goals (SDGs), particularly Goal 6 on water and sanitation.

“The momentum generated by the adoption of the SDGs and the Paris Climate Change Agreement combined with the high-level political commitment presents an opportunity to re-invigorate development,” said Oswald Chanda, Officer-In-Charge of the Water Development and Sanitation Department of the AfDB.

Rapid urbanization, population growth, dwindling freshwater resources, climate change, weak institutions, and sector capacity, Chanda said, are some of the challenges in achieving SDG 6.

In addition to fostering greater collaboration with partners, and adopting a new business model that takes the Bank closer to regional member countries, the AfDB has also approved a new set of focused strategic priorities (High 5s) to ensure pressing challenges on the continent are addressed. The AfDB’s High 5s include Light Up and Power Africa; Feed Africa; Industrialize Africa; Integrate Africa and Improve the quality of life of Africans.

Highlights of this year’s World Development Report include:

  • 80% of the wastewater is disposed of without treatment with potentially negative impact on the environment and people;
  • Affordable treatment options are available;
  • Wastewater is a reliable and sustainable source of water; energy, nutrient, and other recoverable by-products.

The Durban event ended with the adoption of a political declaration. The declaration signals a global commitment to: (a) continue to support and strengthen implementation of the SDG 6; (b) support and share best practices; (c) request the African Union Commission to prioritize water and sanitation; (d) increase budgetary allocations to match central role of water security for agenda 2030; (e) and strengthen transboundary cooperation and collaboration.

For more information about the AfDBs activities related to water and sanitation projects, go to https://www.afdb.org/en/news-and-events/water-supply-sanitation/

The African Development Bank (AfDB) is a regional multilateral development finance institution established in 1964 to mobilize resources towards the economic and social progress of its Regional Member Countries. Headquartered in Abidjan, Côte d’Ivoire, the Bank promotes economic and social development in African states, providing financing for programs and projects across the continent. For more information, visit http://www.adbg.org/.

Source: African Development Bank       

 

 

World TB Day in Zimbabwe

 

OTHER NEWS AFFECTING PROGRAMS AND PROJECTS

USAID announces continuing support for programs fighting Tuberculosis

Reported by Peter Banda in Harare

22 March 2017 – Harare, Zimbabwe – The United States Government stands with the people of Zimbabwe in commemorating World Tuberculosis (TB) Day (March 24).  Through the U.S. Agency for International Development (USAID) and the U.S. Centers for Disease Control and Prevention (CDC), the United States has contributed long-term and substantial investments to the fight against TB in Zimbabwe, reaching hundreds of thousands of Zimbabweans with life-saving health services.

USAID started its TB program in Zimbabwe in 2008, partnering with Zimbabwe’s National TB Control Programme and a non-governmental organization called The International Union Against Tuberculosis and Lung Disease (The Union) to increase the availability of TB services and strengthen TB case detection and management.  USAID provides hospital laboratories with Gene Xpert equipment for fast and accurate diagnosis of TB, particularly drug-resistant TB, as well as training for health care workers to properly use the equipment.

USAID supports 45 integrated TB-HIV care sites to improve TB diagnosis and treatment for people living with HIV.  USAID also supports a motorbike specimen transport system called Riders for Health that carries approximately 150,000 specimens per year, 40,000 of which are sputa for TB diagnosis.  This transport system has dramatically reduced the time it takes for patients to receive TB test results – from weeks or even months, down to one week in rural areas and one day in urban areas.

In addition, through USAID support, The Union has developed and distributed a TB screening tool that reaches over 500,000 patients per year, provided training and supervision assistance for health care workers on TB prevention and care information, and supported the National TB Reference Laboratory to process TB cultures from specimens from all provinces in the country.

“The United States is proud to stand with the people of Zimbabwe to address the issue of TB,” stated USAID Mission Director Stephanie Funk.  “Together with our partners, USAID is working hard to ensure that TB patients can start treatment earlier, recover more quickly, and not spread the disease to others.”

CDC also provides financial and technical support for TB through HealthCare Associated Tuberculosis Infection Prevention Project – Zimbabwe (HATIPP-Zim), which will develop a TB screening policy for health care workers and standardize implementation at health facilities.  Funded by the U.S. President’s Emergency Plan for AIDS Relief (PEPFAR), HATIPP-Zim is implemented by a consortium comprised of the Biomedical Research and Training Institute (BRTI); Infection Control Association of Zimbabwe (ICAZ); and The Union.

“CDC’s efforts to fight TB will ultimately help Zimbabwe meet critical AIDS treatment targets, as this program will ensure that health care workers are protected from infectious diseases such as tuberculosis,” stated CDC Zimbabwe Country Director Dr. Beth Barr.

USAID and PEPFAR have partnered with Discovery Learning Alliance, Quizzical Pictures, Wellcome Trust, Howard Hughes Medical Institute (HHMI), HHMI Tangled Bank Studios, and Management Sciences for Health (MSH) to produce a new feature-length film, The Lucky Specials, which premiered in Zimbabwe on March 9 at Ster-Kinekor Movie Theatre in Harare.  In this “edutainment” film, both plot twists and scientific video animations tell individuals what they need to know about TB disease, treatment, and prevention.  Audiences walked away enchanted by the music and storyline, simultaneously armed with facts to replace long held myths and misinformation about TB.

Last year alone approximately 30,000 Zimbabweans were diagnosed with TB.  TB continues to be the leading cause of death among people living with HIV, and approximately 70 percent of Zimbabweans suffering from TB are co-infected with HIV.  Zimbabwe is one of only 14 countries around the world designated as ‘high burden’ by the World Health Organization for TB, multi-drug-resistant TB, and TB/HIV co-infection.

To learn more about the U.S. Government’s contribution to fighting TB in Zimbabwe, please visit: https://youtube/QTNTz7Gzc0o

For more than 30 years, the American people, through USAID, have contributed over $3 billion in assistance to Zimbabwe.  Current projects include initiatives to increase food security, support economic resilience, improve health systems and services, and promote a more democratic system of governance.


Project Management Zimbabwe (PMZ – Project Management Institute of Zimbabwe) is Zimbabwe’s largest Association of Project Managers, with a membership base of over 1000. The institute has a mandate of policing the elevation of project management standards nationally through mentorship and membership services programmes. For information, visit http://www.pmiz.org.zw/ or email: info@pmiz.org.zw

Source: Project Management Zimbabwe, based on press release from U.S. Embassy in Harare

 

 

Calls for stronger action against human trafficking in Zimbabwe

 

OTHER NEWS

Reported by Peter Banda in Harare

16 March 2017 – Harare, Zimbabwe – A senior United States Embassy official has called for sterner reaction by individuals to individuals and companies involved in human trafficking, among other measures to stamp the scourge that has plagued humanity.

“We as individuals can make a difference by being aware of our own habits, by understanding the background and practices of the companies we use when we purchase our clothing, our food…” said Jenifer Savage, Charge d’ Affaires at the United States Embassy in Harare. “When profits stop, so will the practice of trafficking in persons,” she added.

Savage, a career foreign service officer, was giving a keynote address during a Food for Thought discussion session on trafficking in persons at her Embassy’s Eastgate auditorium on Tuesday. The public discussion included presentations from the United Nations Office of Migration (IOM) and United Nations Office on Drugs and Crime (UNODC).

“Human trafficking is a $150 billion illicit industry and it touches millions of lives across, not just the United States, not just Zimbabwe but across every country in the world,” she said. “We must treat this as a problem not to be managed but as a crime that has to be stopped.”

Savage, whose career as a diplomat saw her serve in Mexico and Vietnam, narrated two classic examples of human trafficking, the first involving a veterinary student in Mexico, and the second involving a budding female musician in Vietnam. Both were lured to the United States with a promise for lucrative incentives- internship and a musical contract respectively, but later found they were surviving in unimaginable conditions with little to no pay, sexual exploitation and dependence on traffickers with no hope of getting out of their situations.

Broadly defined, human trafficking is the acquisition of people by improper means such as force, fraud or deception, with the aim of exploiting them.

“It is a form of modern day slavery and constitute human rights violations against the individual and the State,” said Daniel Sam of IOM. He told the audience that there is exploitation in all stages of the process- from recruitment to destination. “It is an abusive process; that is why we need to counter it.”

He, like the United States, and his organization are working with other international partners at every level to attack the root causes of trafficking; to alert potential victims to lurking dangers, to take perpetrators off the streets and to empower the survivors as they rebuild their lives.

Savage said the United States was exploring ways of working with Zimbabwean authorities to eliminate trafficking in persons citing “amazing” meetings between Ambassador Harry Thomas and Home Affairs Minister Ignatius Chombo.

“Our countries agreed to work together to combat trafficking in persons in Zimbabwe,” she said. “This is an important development in our diplomatic relationship and one we hope will lead to greater mutual trust and dialogue.”

According to IOM, there are about 250 million international migrants globally while 760 million people migrate within countries and at any one point in time there are 1 billion individuals on the move.

Samantha Munodawafa, a crime prevention and criminal justice officer at UNODC told the audience that more cases of trafficking in persons crimes were being prosecuted as 13 out of 15 countries in the Southern African Development Community (SADC) region had legislation on the crime.

She said the region had to contend with unique cases such as trafficking in body parts for albinos, girls being trafficked as a result of cultural beliefs, child labor and child marriages. “No sector has been spared,” she said citing the case of a church musical group that was trafficked in one of the SADC countries.

According to the U.S. Department of State Trafficking in Persons report, 55 per cent of trafficked people are women or girls, and 26 per cent of trafficked people are children. The report notes that “Zimbabwe is a source, transit, and destination country for men, women, and children subjected to sex trafficking and forced labor. Women and girls from Zimbabwean towns bordering South Africa, Mozambique, and Zambia are subjected to forced labor, including domestic servitude, and sex trafficking in brothels catering to long-distance truck drivers on both sides of the borders.”

The report also notes that “there are continuous reports of Zimbabwean women lured to China and the Middle East for work where they are vulnerable to trafficking.” – ZimPAS © March 16th 2017. ZimPAS is a product of the United States Embassy Public Affairs Section: http://zw.usembassy.gov/


Project Management Zimbabwe (PMZ – Project Management Institute of Zimbabwe) is Zimbabwe’s largest Association of Project Managers, with a membership base of over 1000. The institute has a mandate of policing the elevation of project management standards nationally through mentorship and membership services programmes. PMZ also follows and reports on significant developments in Zimbabwe.  For information, visit http://www.pmiz.org.zw/ or email: info@pmiz.org.zw

Source: Project Management Zimbabwe

 

 

America needs $926 Billion for Transportation Infrastructure

 

OTHER NEWS AFFECTING PROJECTS & PM

New USDOT Report on Highway, Transit Conditions Reveals nearly trillion dollar backlog

12 January 2017 – Washington, DC, USA – U.S. Transportation Secretary Anthony Foxx today announced that a new report on the state of America’s transportation infrastructure, “2015 Status of the Nation’s Highways, Bridges and Transit: Conditions and Performance,” confirms that more investment is needed not only to maintain the nation’s highway and transit systems but to overcome a nearly trillion-dollar investment backlog.

170112-pmwj54-dot-IMAGE“We have an infrastructure system that is fundamental to the nation’s economic health, and it needs greater attention and resources,” said Secretary Foxx (pictured). “Improving our nation’s roads, bridges, and transit helps create jobs, connects communities and ensures that our nation is equipped for the future.”

Secretary Foxx added that the Congressionally mandated report confirms the projections outlined in “Beyond Traffic,” a U.S. Department of Transportation study issued in early 2015 that examined the challenges facing America’s transportation infrastructure over the next 30 years, such as a rapidly growing population and increasing freight traffic.

“Conditions and Performance” is a biennial report to Congress that provides information on the physical and operating characteristics of the highway, bridge and transit components of the nation’s surface transportation system.

cover-websiteThe new report – commonly known as the “Conditions and Performance” report – identifies an $836 billion backlog of unmet capital investment needs for highways and bridges, or about 3.4 percent more than the estimate made in the previous report. Addressing the growing backlog while still meeting other needs as they arise over the next two decades – will require $142.5 billion in combined transportation spending from state, federal and local governments. In 2012, the most recent year in which the report’s data were available, federal, state and local governments combined spent $105.2 billion on this infrastructure – 35.5 percent less than what is needed to improve highways and bridges.

“The case for more investment in our nation’s transportation system is clear,” said Federal Highway Administrator Gregory Nadeau. “A strong transportation system will make businesses more productive and freight shippers safer and more efficient while improving America’s quality of life.”

The report also indicates that $26.4 billion is needed per year to improve the condition of transit rail and bus systems. In 2012, total spending to preserve and expand transit systems was $17 billion. If transit investment is sustained at those levels, overall transit system conditions are expected to decline over the next 20 years, and increasing the transit system preservation backlog from an estimated $89.8 billion to $122 billion.

“This report shows the impact of the lack of investment in infrastructure,” said Acting Federal Transit Administrator Carolyn Flowers. “The results of that neglect can be seen throughout our country as both reliability and safety suffer. We must increase investment in public transportation nationwide, because we must take immediate action to bring our transit infrastructure into a state of good repair and provide the world-class service that Americans deserve.”

Between 2002 and 2012, the report found that:

  • The percentage of structurally deficient bridges decreased from 14.2 percent to 11 percent.
  • Road quality improved, with the share of travel taking place on smooth pavement increasing from 43.8 percent to 44.9 percent.
  • Delays in traffic cost the average commuter more time than ever, with an estimated 41 hours of delay per year in 2012, up from 39 hours in 2002.
  • Transit route miles increased by 32 percent, with light rail growing faster than any other transit mode

The United States Department of Transportation (USDOT or DOT) is a Cabinet department of the U.S. government concerned with transportation. Established by the US Congress in 1966, it is governed by the U.S. Secretary of Transportation. Its mission is to “Serve the United States by ensuring a fast, safe, efficient, accessible, and convenient transportation system that meets our vital national interests and enhances the quality of life of the American people, today and into the future.” DOT provides financing for hundreds of transportation-related programs and projects around the United States each year. For more information, visit http://www.dot.gov/.

Source: US Department of Transportation

 

 

$2 Billion for Transit Projects in Seattle

 

OTHER NEWS AFFECTING PROJECTS & PM

USDOT Launches Innovative Infrastructure Financing Tool created by the newly formed Build America Bureau

22 December 2016 – Washington, DC, USA – U.S. Transportation Secretary Anthony Foxx today announced that four transit projects in the Seattle area could receive up to nearly $2 billion in financing through an innovative infrastructure financing tool created by the Department of Transportation’s Build America Bureau.

sound-transit-trainOn Thursday, the Central Puget Sound Regional Transit Authority (Sound Transit) and the Build America Bureau (Bureau) signed a Master Credit Agreement (MCA) – a first-of-its-kind arrangement in which the local transit authority will be able to expedite multiple loan requests under a single agreement with the federal government. The first of those loans, $615.3 million for the Northgate Link Extension, also closed today.

“This announcement demonstrates that the Build America Bureau is already playing a major role in how projects are planned and paid for by streamlining the financing process and bringing together valuable tools for accessing federal dollars. This means projects like the Northgate Link Extension Project can move forward more quickly and effectively,” said Transportation Secretary Foxx. “We are proud of the work done through the Bureau to speed investments needed in growing regions like the Pacific Northwest. This development is a big win for the entire region.”

Secretary Foxx launched the Bureau earlier this year to provide a one-stop-shop for state and municipal governments to find innovative solutions to funding critical infrastructure projects. An MCA is one tool that the Bureau offers to help project sponsors streamline the process of applying for federal transportation infrastructure loans through the federal government’s Transportation Infrastructure Finance and Innovation Act (TIFIA) and the Railroad Rehabilitation & Improvement Financing (RRIF) programs.

The MCA signed by Sound Transit covers four separate projects approved by voters as part of the transit authority’s ST-2 program. The $615.3 million TIFIA loan for the first project, the Northgate Link Extension, was approved today and will move forward. The MCA will dramatically streamline the application process for the next three projects, enabling Sound Transit to more easily apply for the loans for the Operations & Maintenance Satellite Facility: East; Lynnwood Extension; and Federal Way Link Extension projects.

“With the use of a Master Credit Agreement, the Build America Bureau can now negotiate one deal with entities that have multiple projects in their pipeline to gain access to federal loans,” said Andrew Right, Acting Executive Director of the Build America Bureau. “This has tremendous potential to save time and resources for infrastructure developers and increases transparency for the many partners involved in making transportation safer, faster, and easier in the area.”

Since its inception, the Bureau has closed $4 billion in financings and supports more than $7.8 billion in rail, highway and transit projects across the country. The Bureau has 16 projects in creditworthiness review for a total potential loan amount of over $5.5 billion. The Bureau also manages the private activity bond program, the Outreach and Project Development functions of the Build America Transportation Investment Center, and the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grant program.

The United States Department of Transportation (USDOT or DOT) is a Cabinet department of the U.S. government concerned with transportation. Established by the US Congress in 1966, it is governed by the U.S. Secretary of Transportation. Its mission is to “Serve the United States by ensuring a fast, safe, efficient, accessible, and convenient transportation system that meets our vital national interests and enhances the quality of life of the American people, today and into the future.” DOT provides financing for hundreds of transportation-related programs and projects around the United States each year. For more information, visit http://www.dot.gov/

Source: U.S. Department of Transportation

 

 

Management of Sandia National Labs changes hands

 

OTHER NEWS AFFECTING PROJECTS & PM

NNSA Awards Sandia National Laboratories Management & Operating Contract to National Technology and Engineering Solutions of Sandia (NTESS)

16 December 2016 – Washington, DC and Albuquerque, NM, USA – The Department of Energy’s National Nuclear Security Administration (DOE/NNSA) announced today it has awarded National Technology and Engineering Solutions of Sandia (NTESS) with the management and operating contract for Sandia National Laboratories (SNL). NTESS is a wholly owned subsidiary of Honeywell International. Northrop Grumman and Universities Research Association will support NTESS in the performance of this contract. The award is valued at $2.6 billion annually over 10 years, if all options are exercised.

161216-pmwj54-nnsa-logo

“Following a full and open competition, NNSA is pleased to announce the selection of NTESS as our M&O partner at Sandia,” said Lt. Gen. Frank G. Klotz (ret.), Under Secretary for Nuclear Security and NNSA Administrator. “The Sandia bid generated unprecedented interest from across industry, demonstrating that our improved acquisitions process is attracting high-quality competition and the best talent to serve NNSA’s mission.”

In addition to NNSA’s improved selection criteria, the solicitation for the SNL M&O contract incorporated a number of governance initiatives launched by DOE following recommendations from the Congressional Advisory Panel on the Governance of the Nuclear Security Enterprise (Augustine-Mies Report), Commission to Review the Effectiveness of the National Energy Laboratories (CRENEL), and the Secretary of Energy’s Advisory Board (SEAB).

SNL is responsible for non-nuclear engineering development of all U.S. nuclear weapons and for systems integration of the nuclear weapons with their delivery vehicles. SNL’s national security responsibilities include design, qualification, certification, and assessment of the nonnuclear subsystems and system qualification of nuclear weapons.

SNL also leads the Nuclear Security Enterprise (NSE) in developing new technologies in the safety, security, reliability and use control of nuclear weapons, and works closely with other NSE sites on issues associated with production and dismantlement of nuclear weapons, surveillance and support of weapons in the stockpile. Other responsibilities include advancing technologies in nuclear intelligence, nonproliferation, and treaty verification. Sandia has locations in Albuquerque, NM; Livermore, CA; Kauai, HI; and Tonopah, NV.

The current M&O contract for SNL will expire on April 30, 2017, allowing for a full four month transition period, which will provide stability for the workforce employed under the current contract and efficient continuity of operations for NNSA’s vital missions performed there.

Established by Congress in 2000, NNSA is a semi-autonomous agency within the U.S. Department of Energy. NNSA maintains and enhances the safety, security, reliability and performance of the U.S. nuclear weapons stockpile without nuclear testing; works to reduce global danger from weapons of mass destruction; provides the U.S. Navy with safe and effective nuclear propulsion; and responds to nuclear and radiological emergencies in the U.S. and abroad. More about NNSA can be found at http://nnsa.energy.gov/aboutus

Source: NNSA 

 

 

U.S. Senate approves Program Management Improvement and Accountability Act

 

OTHER NEWS AFFECTING PROJECTS & PM

Legislation to improve program management practices and bolster workforce development in U.S. government agencies now heads to President Obama for signature.

1 December 2016 – Philadelphia, PA, USA – The Project Management Institute (PMI®) has announced that the U.S. Senate unanimously re-approved S.1550, the Program Management Improvement and Accountability Act of 2015 (PMIAA) on Wednesday, 30 November 2016. This legislation is intended to enhance accountability and best practices in project and program management throughout the federal government. The legislation, strongly endorsed by PMI, has now cleared both chambers of Congress with bi-partisan support and will go to President Barack Obama for his signature.

161201-pmwj53-pmiaa-imageThis action, which occurred yesterday evening, marks the second time the Senate has unanimously approved this legislation. A previously-passed version of the bill cleared the House of Representatives on 22 September 2016 with minor modifications. The revised legislation was then sent back to the Senate for final approval

According to PMI, the PMIAA reforms federal program management policy in four important ways:

  1. Creating a formal job series and career path for program managers in the federal government.
  2. Developing a standards-based program management policy across the federal government.
  3. Recognizing the essential role of executive sponsorship and engagement by designating a senior executive in federal agencies to be responsible for program management policy and strategy.
  4. Sharing knowledge of successful approaches to program management through an interagency council on program management.

“This critical legislation will help maximize efficiency within the U.S. federal government, thereby generating more successful program outcomes and increasing the value that Americans receive for their tax dollars,” said PMI President and Chief Executive Officer Mark A. Langley. “We are pleased this landmark bill has passed the U.S. Senate again, and we would like to thank Senator Joni Ernst of Iowa and Senator Heidi Heitkamp of North Dakota for their leadership in advancing this bipartisan, bicameral legislation. We look forward to having this bill signed into law by President Barack Obama in the coming days.”

The reforms outlined in the PMIAA are consistent with PMI member input and research that shows that organizations that invest in program management talent and standards improve outcomes, accountability and efficiency. The findings demonstrated by PMI’s Pulse of the Profession® report also indicate that standardized approaches, engaged executive sponsors and certified professionals are fundamental building blocks to all organizations achieving their highest levels of performance. Improving program management leads to benefits such as increased collaboration, improved decision making and reduced risk.

PMI’s report also uncovered that only 64 percent of government strategic initiatives ever meet their goals and business intent — and that government entities waste $101 million for every $1 billion spent on project and programs. The research also shows that these best practices result in improved efficiency and less money being wasted. Most importantly, organizations see more projects delivering expected value to stakeholders on time and within budget.

To read the full Program Management Improvement and Accountability Act as passed by the U.S. Senate, click here.

Project Management Institute is the world’s leading not-for-profit professional membership association for the project, program and portfolio management profession. Founded in 1969, PMI delivers value for more than 2.9 million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. PMI advances careers, improves organizational success and further matures the profession of project management through its globally recognized standards, certifications, resources, tools academic research, publications, professional development courses, and networking opportunities. For more, visit http://www.pmi.org/.

Source: Project Management Institute

Editor’s note: This new legislation can provide a model for other governments around the world for improving program management within national government agencies and departments. The combination of this new policy direction in the U.S. government, coupled with the UK’s approach to major project oversight, can offer a useful model for other countries to improve the management of publicly funded programs and projects.

 

 

Venture capital available for space-based projects in Europe

 

OTHER NEWS AFFECTING PROJECTS & PM

22 November 2016 – Paris, France – The European Space Agency (ESA) has announced that the Seraphim Space Fund of venture capital, currently worth £50 million, is set to boost European small, medium and start-up companies developing space-based applications, services and technologies. The news was announced in an ESA news release today.

The fund offers a springboard for all space technology, emerging products, applications and associated services that have been developed with ESA’s help. This includes software, hardware and integrated solutions for companies that use satellite data for a wide range of applications such as intelligent transport and smart cities, through to sectors including insurance, maritime, agriculture and oil and gas.

The fund fits well with projects that have originated under ESA’s Advanced Research in Telecommunications Systems (ARTES) programme, but is also open to all developments that have been supported by ESA, including ESA-incubated companies. Seraphim fills the funding gap that often exists when a space company or start-up first enters the market and can provide expertise and access to customers, if required.

161122-pmwj53-esa-seraphimThe fund is targeting a final value of about £80 million during the second quarter of 2017 but has already opened for business and is ready to make investments.

ESA’s Senior Advisor to the Directorate of Telecommunications and Integrated Applications, Amnon Ginati, who sits on the Seraphim Advisory Board, commented, “ESA’s cooperation with Seraphim Capital offers space companies, start-ups and ESA-incubated companies a new conduit to funding beyond ESA.

“The Seraphim fund tops a long list of private investors who have already committed more than Euro55 million in commercially promising companies and projects arising out of ESA programmes. ESA makes no financial contribution to the Seraphim fund. ESA’s role is to recommend suitable candidates and act as a facilitator, and these efforts are paid for by the fund.”

Mark Boggett, Managing Director at Seraphim Capital, added: “Low-cost access to space will come to define the decade ahead. We look forward to working closely with ESA and providing the next step of financing to a range of innovative businesses developed through their various programmes.”

Seraphim Capital is managed by a team of fund partners, with decades of experience investing in early stage technology businesses. The new fund focuses on space tech and the broader ‘space enabling’ ecosystem.

The space industry is undergoing unprecedented technological change and the fund’s corporate venture structure will enable investors, including large space companies, to gain insight into the next wave of emerging technologies, helping them to innovate faster and ultimately bring more value to their customers.

More information about Seraphim Capital can be found at http://seraphimcapital.co.uk/

ARTES transforms research and development investment into space technology, systems, commercial products and services that benefit our daily lives. ARTES Applications can be found at: artes-apps.esa.int, while ARTES technology and products may be found at: artes.esa.int.

About the European Space Agency

The European Space Agency (ESA) is Europe’s gateway to space. It is an intergovernmental organisation, created in 1975, with the mission to shape the development of Europe’s space capability and ensure that investment in space delivers benefits to the citizens of Europe and the world. ESA has 20 Member States: Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden, Switzerland and the United Kingdom, of whom 18 are Member States of the EU. ESA has Cooperation Agreements with eight other Member States of the EU. Canada takes part in some ESA programmes under a Cooperation Agreement. ESA is also working with the EU on implementing the Galileo and Copernicus programmes.

By coordinating the financial and intellectual resources of its members, ESA can undertake programmes and activities far beyond the scope of any single European country. ESA develops the launchers, spacecraft and ground facilities needed to keep Europe at the forefront of global space activities. Today, it launches satellites for Earth observation, navigation, telecommunications and astronomy, sends probes to the far reaches of the Solar System and cooperates in the human exploration of space. For more, visit http://www.esa.int/ESA.

Source: European Space Agency

 

 

Private Renewable Energy Framework for North Africa and Middle East established by EBRD and UfM

 

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14 November 2016 – Marrakesh, Morocco – The European Bank for Reconstruction and Development (EBRD) and the Union for the Mediterranean (UfM) launched a joint programme today aimed at the development of private renewable energy markets in Egypt, Jordan, Morocco and Tunisia. The SEMED Private Renewable Energy Framework (SPREF), a €227.5 million financing framework, was presented during the EU Energy Day at the COP22 international climate conference in Marrakesh.

The programme will help the region reduce its heavy dependence on imports of hydrocarbons. It aims to mobilise additional investment from other parties, including the Climate Investment Funds’ Clean Technology Fund (CTF) and the Global Environment Facility (GEF), of up to €834 million. Financing will be accompanied by targeted technical cooperation support for the implementation of renewable energy projects in the region that aim to avoid 780,000 tonnes of CO2 emissions annually.

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Photo courtesy of the EBRD

SPREF falls under the umbrella of the UfM Regional Dialogue Platform on Renewable Energy and Energy Efficiency, launched today with the aim of promoting the deployment of renewable energy and energy efficiency measures in energy generation, transmission, distribution and end use. This platform will foster sustainable socio-economic development, promote job creation, and help ensure that all consumers and industries in the region have access to secure, affordable and reliable energy services. It will also support energy efficient economies and mitigation and adaptation to climate change in Europe and the Mediterranean region.

This initiative follows the launch earlier in 2016 of the UfM Regional Electricity Market Platform and the UfM Gas Platform.

During the launch the UfM Secretary General, Fathallah Sijilmassi, commented: “These two major Mediterranean initiatives illustrate UfM’s active efforts to achieve deeper regional cooperation and economic integration incorporating a climate dimension, and based on a methodology that can turn our political mandate into concrete projects through multi-partner dialogue in the region.”

EBRD Director of Power and Energy Utilities, Nandita Parshard, said: “The EBRD has placed a priority on climate finance in the southern and eastern Mediterranean (SEMED) region, where we have invested in 44 green projects worth over €1 billion since 2012. Green investments account for roughly one-third of the EBRD’s total investments in the region, and we hope that will continue to grow.”

The first project under the SPREF programme is the 120 MW Khalladi windfarm near Tangiers, in Morocco, one of the first private renewable energy projects in the country. In order to encourage other private businesses to use the SPREF financing mechanism, a conference will be held tomorrow together with COP22’s Public-Private Partnerships (PPP) committee, the Moroccan Agency for Energy Efficiency Management (AMEE) and the Confédération Générale des entreprises du Maroc (CGEM).

Today’s event was attended by high-level participants, including the EU Commissioner of Climate Action and Energy, Miguel Arias Cañete; the Minister of Energy and Mineral Resources of Jordan, Ibrahim Saif; and the Deputy Minister of Electricity and Renewable Energy of Egypt, Osama Assran.

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to nurture the private sector in Central and Eastern Europe and ex-Soviet countries. The EBRD uses investment to help build market economies and democracies from central Europe to central Asia. Based in London, the EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project financing for banks, industries and businesses. For more information, visit http://www.ebrd.com/index.htm

Source: EBRD

 

 

AfDB establishes Africa Integrity Fund to help fight corruption

 

OTHER NEWS AFFECTING PROJECTS & PM

10 November 2016 – Abidjan, Côte d’Ivoire – In response to the challenges facing Regional Member Countries (RMCs) in the fight against corruption and in line with the institution’s priorities, the Board of Directors of the African Development Bank (AfDB) on Wednesday, November 9, 2016, approved the establishment of the Africa Integrity Fund (AIF).

161110-pmwj52-afdb-logoThe Fund, proposed by the Bank’s Integrity and Anti-Corruption Department (IACD), will finance programs which contribute to the prevention, detection, investigation and sanctioning of corruption.

The Fund will equally support measures supporting the repatriation of stolen assets and alleviating the financial drain from illicit outflows on the Bank’s RMCs, thereby strengthening transparency and accountability in the management of public resources. Target beneficiaries of grants under the Fund include law enforcement agencies, public audit institutions, tax authorities and other African governmental bodies, civil society organizations, research and educational institutions, among others.

Entities found engaged in corrupt activities and other forms of misconduct following IACD investigations voluntarily agreed to enter into settlement agreements with the Bank. The AIF will be financed exclusively through the collection of financial penalties deriving from such settlements, totaling approximately US $55.25 million. Presently, US $33 million of the amount is currently lodged in the Bank’s escrow account.

“We must have zero-tolerance for corruption, be it internal or external. We have to tighten our systems thoroughly,” AfDB President Akinwumi Adesina said after the Board’s approval of the AIF. IACD Director Anna Bossman added: “With the adoption of the AIF, financial penalties resulting from the Bank’s sanctions regime are re-invested into anti-corruption measures. We are confident that the AIF will become a model for others.”

The AIF is an innovative instrument providing the Bank with an additional platform to address development priorities in its RMCs in the area of anti-corruption without tapping into traditional donor funds. It allows the Bank to fulfill its commitment to RMCs to support their efforts to improve the performance of anti-corruption agencies in preventing, investigating and sanctioning prohibited practices and to strengthen their governance agenda.

For more information, go to http://www.afdb.org/en/news-and-events/integrity-and-anti-corruption/

The African Development Bank (AfDB) is a regional multilateral development finance institution established in 1964 to mobilize resources towards the economic and social progress of its Regional Member Countries. Headquartered in Abidjan, Côte d’Ivoire, the Bank promotes economic and social development in African states, providing financing for programs and projects across the continent. For more information, visit www.adbg.org.

Source: African Development Bank

 

 

ACT-IAC Releases 2016 Presidential Transition Recommendations

 

OTHER NEWS

Transforming Government Through Technology – A Report for the Next Administration

20 October 2016 – Fairfax, VA, USA – The American Council for Technology and Industry Advisory Council (ACT-IAC), a U.S.-based public-private partnership dedicated to improving government through the application of information technology, has announced the release of their transition report containing recommendations for the next administration.

161020-pmwj52-act-iac-logoEffective, innovative use of information technology has revolutionized many private sector business models over the last 20 years. But government has largely failed to keep pace with industry’s business transformation and information technology revolution. The ACT-IAC transition papers, created by teams of private and public sector experts, outline a strategy for change in government based on the skills, practices, and culture that drive success in private sector companies.

“These papers provide a roadmap of actions for the next administration to begin to address the huge gap in effectiveness between public and private sector use of technology to transform business processes,” said Mark Forman and Roger Baker, co-chairs of the ACT-IAC transition effort. “From skilled people to effective management, from cybersecurity to citizen engagement, and from budget to innovation; these papers summarize the challenges government faces, and present considered recommendations for the next administration.”

To download the transition report, click here.

The American Council for Technology (ACT) and Industry Advisory Council (IAC) began in the 1970’s and continues to play a unique and important role in helping government to understand and take advantage of new technologies. Today, ACT-IAC provides an objective and vendor-neutral forum that is trusted by both government and industry.  ACT-IAC remains committed to creating a more effective and efficient government by providing a forum where those who share this vision can work together. More at https://www.actiac.org/

 

 

Multilateral Bank chiefs renew pledge to deliver ambitious new development agenda

 

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10 October 2016 – Washington, DC, USA – The Heads of the world’s leading Multilateral Development Banks underscored their commitment to delivering on their ambitious goals for the Development Agenda to 2030.

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In a statement issued in Washington, D.C. on 9 October on the sidelines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) they pledged to redouble their efforts to scale-up financing for development and their capacity to achieve the Sustainable Development Goals (SDGs) agreed in 2015 by leveraging, mobilizing, and catalysing resources at all levels. Noting that official assistance flows would not suffice to finance the “trillion dollar” 2030 Agenda, the MDBs reaffirmed their commitment to deepen and widen their partnerships with both the private and public sectors.

“We will individually and collectively bring in emerging and existing global, regional, sub-regional and national partner institutions and, together, contribute to the success of the 2030 Agenda, helping countries to leverage the financing and knowledge of the MDBs and the IMF to address their most pressing development challenges and, as such, contribute to achieving the transformative outcomes that the SDGs entail,” the MDB Heads’ statement concluded.

Link to the full statement

Source: European Bank for Reconstruction and Development

 

 

Program Management Improvement and Accountability Act of 2015 passed by US House of Representatives

 

OTHER NEWS AFFECTING PROJECTS & PM

Formal legislation supported by PMI promotes professionalism in program and project management in the United States

22 September 2016 – Washington, DC and Philadelphia, PA, USA – The Project Management Institute (PMI®) has announced that The U.S. House of Representatives today approved S.1550, the Program Management Improvement and Accountability Act of 2015 (PMIAA), which will enhance accountability and best practices in project and program management throughout the federal government.

capital-domeThe Project Management Institute (PMI) strongly supports this important legislation reforming federal program management policy in four important ways:

  1. Creating a formal job series and career path for program managers in the federal government.
  2. Developing a standards-based program management policy across the federal government.
  3. Recognizing the essential role of executive sponsorship and engagement by designating a senior executive in federal agencies to be responsible for program management policy and strategy.
  4. Sharing knowledge of successful approaches to program management through an interagency council on program management.

“This critical legislation will help maximize efficiency within the U.S. federal government, thereby generating more successful program outcomes and increasing the value that Americans receive for their tax dollars,” said PMI President and Chief Executive Officer Mark A. Langley. “We are pleased this landmark bill has passed the House of Representatives and the Senate, and we would like to thank Rep. Todd Young from Indiana, Rep. Gerry Connolly from Virginia, Chairman Jason Chaffetz from Utah, Ranking Member Elijah Cummings from Maryland, for their leadership in advancing this bipartisan, legislation.”

The legislation will return to the United States Senate, where it was previously approved unanimously, to be re-passed as a final piece of legislation. “We encourage the Senate to accept the changes made by the House and send this bill to President Barack Obama’s desk as soon as possible.” Langley said. “The PMIAA is an important step to improving the government’s ability to effectively manage its portfolio of projects and programs and will help ensure program managers are able to serve as stewards of taxpayer dollars.”

The reforms outlined in the PMIAA are consistent with PMI member input and research that demonstrates that organizations that invest in program management talent and standards improve outcomes, accountability and efficiency. The findings demonstrated by PMI’s Pulse of the Profession® report also indicate that standardized approaches, engaged executive sponsors and certified professionals are fundamental building blocks to all organizations achieving their highest levels of performance. Improving program management leads to benefits such as increased collaboration, improved decision making and reduced risk.

PMI’s report also uncovered that only 64 percent of government strategic initiatives ever meet their goals and business intent — and that government entities waste $101 million for every $1 billion spent on project and programs. The research also shows that these best practices result in improved efficiency and less money being wasted. Most importantly, organizations see more projects delivering expected value to stakeholders on time and within budget.

PMI is the world’s largest not-for-profit professional association. Founded in 1969, PMI delivers value for more than 2.9 million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. PMI advances careers, improves organizational success and further matures the profession of project management through its globally recognized standards, certifications, resources, tools, academic research, publications, professional development courses, and networking opportunities. For more information, visit www.PMI.org.

Source: Project Management Institute

 

 

Corruption in Conflict: Lessons from the US Reconstruction Program in Afghanistan

 

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New report issued by Special Inspector General for Afghanistan Reconstruction in USA highlights risks to projects of systemic corruption

14 September 2016 – Washington, DC, USA – The Project on Government Oversight (POGO) has announced the publication of a new report by the Special Inspector General for Afghanistan Reconstruction (SIGAR). Corruption in Conflict: Lessons from the U.S. Experience in Afghanistan is the first in a series of reports imparting lessons learned from the 15-year, $115 billion Afghanistan reconstruction effort.

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The report examines how the U.S. government—primarily the Departments of Defense, State, Treasury, and Justice, and the U.S. Agency for International Development—understood the risks of corruption in Afghanistan, how the U.S. response to corruption evolved, and the effectiveness of that response. The report identifies lessons to inform U.S. policies and actions at the onset of and throughout a contingency operation and makes recommendations for both legislative and executive branch action.

Analysis revealed that corruption substantially undermined the U.S. mission in Afghanistan from the very beginning of Operation Enduring Freedom. They found that corruption cut across all aspects of the reconstruction effort, jeopardizing progress made in security, rule of law, governance, and economic growth. The report concludes that failure to effectively address the problem means U.S. reconstruction programs, at best, will continue to be subverted by systemic corruption and, at worst, will fail.

To read entire report, go to https://www.sigar.mil/pdf/lessonslearned/SIGAR-16-58-LL.pdf

Founded in 1981, the Project On Government Oversight (POGO) is a nonpartisan independent watchdog that champions good government reforms in the United States. POGO’s investigations into corruption, misconduct, and conflicts of interest are intended to achieve a more effective, accountable, open and ethical federal government.  Information at http://www.pogo.org/index.html

Source: Project On Government Oversight

 

 

AfDB and JETRO to sign MOU for cooperation on programmes and projects in Africa

 

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25 August 2016 – Abidjan, Côte d’Ivoire – The African Development Bank Group (comprised of the African Development Bank and the African Development Fund; AfDB/ADF) and the Japan External Trade Organization (JETRO) will sign a Memorandum of Understanding (MOU) on August 26, 2016 at the Sixth Tokyo International Conference on African Development (TICAD VI) in Nairobi, Kenya.

160825-pmwj50-afdb-jetro-LOGOThe objective of the MOU is to establish a general framework to promote collaboration between them in matters of common interest such as infrastructure development in the African continent and participation of Japanese companies in the projects.

The cooperation is intended to contribute to assisting African countries in their development efforts in particular by promoting trade and investment between Japan and Africa. At the signing ceremony, the AfDB/ADF will be represented by Dr. Akinwumi Adesina, President of the African Development Bank Group, and JETRO will be represented by Mr. Hiroyuki Ishige, Chairman and CEO.

Areas of Cooperation

  1.  AfDB/ADF and JETRO intend to collaborate with each other in developing and implementing programmes and projects. Priority areas of such cooperation will include:

a) Power and energy;

b) Industrialization; and

c)  Private sector development including quality infrastructure.

  1. AfDB/ADF and JETRO will further strengthen cooperation through knowledge partnership including research, staff exchange and knowledge sharing in the areas of common interest. Such partnership will include:

a)  Region-wide partnership with Regional Economic Communities; and

b)  Collaboration to foster systematic knowledge transfer between Japanese and African companies that creates significant value addition to African agricultural exports to Japan and the world.

  1. AfDB/ADF and JETRO will exchange relevant information and data on matters of common interest and collaborate in the collection, analysis and dissemination of such information and data.

Established in 1958 to promote Japanese exports abroad, JETRO’s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium-size Japanese firms maximize their global export potential. JETRO has 74 overseas offices worldwide, with 7 offices in Africa. www.jetro.go.jp  

The African Development Bank (AfDB) is a regional multilateral development financial institution established in 1964 to mobilize resources towards the economic and social progress of its Regional Member Countries. Headquartered in Abidjan, Côte d’Ivoire, the Bank promotes economic and social development in African states, providing financing for programs and projects across the continent.  For more information, visit www.afdb.org.

Source: African Development Bank

Lighting up and Powering Africa

 

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AfDB boosts Eskom’s electricity generation capacity with a USD 1.34 billion jumbo loan

8 July 2016 – Abidjan, Côte d’Ivoire and Pretoria, South Africa – The African Development Bank (AfDB) has announced that within the context of the New Deal on Energy for Africa, the African Development Bank (AfDB) and South Africa’s power utility (Eskom) on Wednesday, July 7, 2016 in Johannesburg, signed loan facilities for a USD 1.34 billion towards Eskom’s capital expenditure program.

160708-pmwj48-escom-LOGOEskom’s 2016-2020 capital expenditure program includes investments in new generation, plant refurbishment, transmission lines, and capacity building in excess of USD 17 billion. This will help reduce load shedding and increase energy reliability in South Africa and in the southern African region.

AfDB estimates this will help boost electricity generation in Africa by nearly 10%, heralding progress toward Bank’s vision to achieve universal access to energy by 2025 under the New Deal for Energy in Africa.

Leveraging its AAA-rating, AfDB has arranged USD 965 million through participation arrangements with nine commercial banks, which include: Bank of China, Bank of Tokyo-Mitsubishi, CaixaBank, Citibank, HSBC, JP Morgan Chase, KfW IPEX Bank, Siemens Bank, and Standard Chartered. The operation represents the largest syndicated A/B Loan arranged to-date in Africa and an important milestone for AfDB’s cross-border mobilization efforts.

By 2020, Eskom’s capital expenditure program is expected to increase South Africa’s electricity generation by nearly 11,000 MW and expand its transmission network by over 9,500 Km. Following the success of South Africa’s Renewable Energy Independent Power Producer (REIPP) Programme, which is expected to increase electricity generation by a further 5,000 MW by 2019, AfDB’s investment will be partly directed at the construction of the transmission network required to evacuate power from South Africa’s IPP programs. The REIPP Programme has attracted USD 14 billion in investment, of which nearly 30% constitutes foreign direct investment, providing a significant boost to GDP growth in South Africa.

“South Africa has the third most attractive renewable energy market across emerging markets (behind China and Brazil) and this program, spearheaded by the South African Department of Energy, is an example of how to approach green growth in Africa,” says Stefan Nalletamby, Acting Vice-President for Private Sector, Infrastructure, and Regional Integration at the AfDB.

South Africa trades approximately 5% of its energy capacity with neighbouring countries in the Southern Africa region. While the country imports electricity from Mozambique, South Africa is a net exporter of energy to Zambia, Lesotho, Swaziland, Zimbabwe, Botswana and Namibia. Moreover, Eskom is considered to be a major “anchor” to upcoming regional energy projects, including Inga III. “By expanding electricity generation, AfDB seeks to support industrialization and job creation,” says AfDB President Akinwumi Adesina, “with the principal objective of improving the quality of life for the people of South Africa and the larger region.”

The signing represents AfDB’s second private-sector operation with Eskom, which builds on its USD 500 million non-sovereign corporate loan approved in 2008. Since 2008, AfDB has also extended three public sector loans to Eskom with funds in excess of USD 1.35 billion, including funding from its Clean Technology Fund.

Coupled with its USD 142 million support on Xina Solar One in 2014, a part of the REIPP Programme, these operations help demonstrate AfDB’s continued commitment to developing Africa’s energy sector.

For more about AfDB activities in South Africa, go to http://www.afdb.org/en/news-and-events/south-africa/

The African Development Bank (AfDB) is a regional multilateral development finance institution established in 1964 to mobilize resources towards the economic and social progress of its Regional Member Countries. Headquartered in Abidjan, Côte d’Ivoire, the Bank promotes economic and social development in African states, providing financing for programs and projects across the continent.  For more information, visit www.adbg.org.

Source: African Development Bank

 

 

Brexit! UK citizens vote to LEAVE European Union

 

OTHER NEWS AFFECTING PROJECTS & PM

David Cameron issues statement prior to resigning; impact and implications far and wide

24 June 2016 – London, UK – Citizens of the United Kingdom (UK) voted in a special nation-wide referendum on Thursday, 23 June, to leave the European Union (EU). The voting results were 51.9% leave to 48.1% remain. David Cameron’s office issued an official statement from the Prime Minister on the results of the referendum this morning. Below is an excerpt:

160624-pmwj48-UK-CAMERON“The country has just taken part in a giant democratic exercise – perhaps the biggest in our history. Over 33 million people – from England, Scotland, Wales, Northern Ireland and Gibraltar – have all had their say.

We should be proud of the fact that in these islands we trust the people with these big decisions.

We not only have a parliamentary democracy, but on questions about the arrangements for how we are governed, there are times when it is right to ask the people themselves, and that is what we have done.

The British people have voted to leave the European Union and their will must be respected.

I want to thank everyone who took part in the campaign on my side of the argument, including all those who put aside party differences to speak in what they believed was the national interest.

And let me congratulate all those who took part in the Leave campaign – for the spirited and passionate case that they made.

The will of the British people is an instruction that must be delivered. It was not a decision that was taken lightly, not least because so many things were said by so many different organisations about the significance of this decision.

So there can be no doubt about the result.

Across the world people have been watching the choice that Britain has made. I would reassure those markets and investors that Britain’s economy is fundamentally strong.

And I would also reassure Brits living in European countries, and European citizens living here, that there will be no immediate changes in your circumstances. There will be no initial change in the way our people can travel, in the way our goods can move or the way our services can be sold.

We must now prepare for a negotiation with the European Union. This will need to involve the full engagement of the Scottish, Welsh and Northern Ireland governments to ensure that the interests of all parts of our United Kingdom are protected and advanced…”

To read the full statement by the UK’s Prime Minister David Cameron, click here.

The Prime Minister also announced his resignation this morning.

To access more information about the referendum and what it means for Britain, click here.

News of the UK’s referendum on EU membership has been carried by the media worldwide for many days, and around the clock for the last 48 hours. To learn more, conduct your own internet search on this topic.

 



Editor’s note: Major political events or changes can have a significant impact on the project management profession. The departure of the UK from the EU will have many and widespread repercussions, not only across the UK and Europe but also in the United States and globally. What will the impacts be on investment, projects and the PM profession? What will the affects be on international supply chains and trade, financial markets, global security and geopolitics? What will the impact be, if any, on the campaigns and upcoming presidential election in the USA? Will other European countries follow the UK example? Will Scotland go for independence again? How will any of these issues or changes affect your project, organization or career? If you have an opinion, please consider authoring a Commentary article for publication in the PM World Journal; send articles to editor@pmworldjournal.net

 

 

 

His Highness Sheikh Mohammed bin Rashid Al Maktoum of Dubai establishes Innovation in Project Management Awards program

 

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Ruler of Dubai issues Decision on ‘Hamdan bin Mohammed Award for Innovation in Project Management’ with five individual award categories

18 June 2016 – Dubai, UAE – In his capacity as Ruler of Dubai, Vice President and Prime Minister of the UAE His Highness Sheikh Mohammed bin Rashid Al Maktoum has issued Decree No (18) of 2016 on the establishment of the ‘Hamdan bin Mohammed Award for Innovation in Project Management’. The Award aims to promote innovation in project management by encouraging the use of smart and sustainable solutions and recognising innovators in project management locally, regionally and internationally. It also seeks to provide a platform for sharing, exchanging and implementing new project management ideas and expertise.

160618-pmwj47-dubai-IMAGEThe Decree specifies the categories of the Award, which include: Innovative Project Manager, Innovative Project Management Office (PMO) Manager, Innovative Project Team, Innovative Project Management Idea, and Innovative Portfolio Management Idea.

Crown Prince of Dubai and the Patron of the Award His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum also issued Decision No. (2) of 2016 approving the Award’s rules and regulations, which cover nomination criteria, the Award jury, categories and the official language of the Award.

Under the Decree, a Board of Trustees will manage the Award. The Board will have upto five members in addition to a Chairman and Vice Chairman. Three members of the Board will be from the Road and Transport Authority (RTA). The members will be appointed for a term of three years through a Decision issued by the Award Patron.

The Decree also specifies the roles and duties of the Board of Trustees and the Secretary General, who is appointed by the Award Patron. Winners of the Award will be announced at the ‘Dubai International Project Management Forum’ or on another occasion chosen by the Board of Trustees.   All nominees who meet Award criteria will be considered for the Award irrespective of whether they have won an Award previously.  RTA is tasked with providing administrative and technical support for the Award, and will organise the award ceremony.

As per Decision No (2) of 2016, Arabic is the official language of the award. The Board of Trustees can also approve the use of another foreign language in addition to Arabic.

The Decision also outlines nomination procedures. The Board of Trustees is tasked with the formation of the ‘Technical Consultative Committee’ that will conduct a technical review all Award submissions. The Committee will have a minimum of three members qualified and experienced in the areas of innovation, sustainability and creativity. The members of the Committee are required to maintain strict neutrality and cannot nominate anyone or endorse any nomination.

The Board of Trustees is also tasked with forming the jury panel, which apart from its Chairman, and Vice Chairman, will have upto five members. The jury panel will evaluate nominations referred to it by the ‘Technical Consultative Committee’, and recommend the winners to the Board. The jury has the right to recommend that an award be shared in cases where there is a tie between nominees. The jury can also withdraw awards if it has been found that the nominee has not met the Award criteria. The jury panel has the right to recommend specialised jurors for categories that require special expertise.

The decision of the Board of Trustees is final. The Decision also specifies the procedures for committee meetings, request of data, approval of the final list of winners and award submissions. The rules and regulations of the Award cannot be altered or waived without a Decision issued by the Patron of the award.

Source: http://hamdan.ae/News-Detail/Hamdan-issues-Decision-on-Hamdan-bin-Mohammed-Award-for-Innovation-in-Project-Management

 

EBRD, Silk Road Fund agree to cooperate

 

OTHER NEWS AFFECTING PROJECTS & PM

Memorandum of Understanding paves way for joint projects with fund set up to support China’s Belt and Road Initiative

15 June 2016 – Beijing, China and London, UK – A cooperation agreement has been reached between the European Bank for Reconstruction and Development (EBRD) and the Silk Road Fund, established to implement China’s Belt and Road initiative, inspired by the ancient Silk Road connecting China and Europe. A Memorandum of Understanding (MoU) signed today in Beijing, China, was a further step forward in the Bank’s cooperation with China which became the EBRD’s 67th shareholder on 15 January this year.

160615-pmwj47-mou-PHOTO

In the MoU, the Silk Road Fund and the EBRD agree to boost cooperation at an institutional level and to inform each other of any potential co-investment opportunities in their common regions of operations.

Phil Bennett, EBRD First Vice President (at left in photo), said at the signing: “Today’s Memorandum is a new step in an already close working relationship with the Silk Road Fund which we regard as a key partner in China and potentially in the EBRD countries of operations. Our regions have a funding gap of about US$ 400 billion a year for necessary infrastructure investments. A joint effort by all stakeholders is needed to bridge that gap and we see working with partners like the Silk Road Fund as the most efficient way forward.”

For the Silk Road Fund the MoU was signed by Wang Yanzhi, Board Member and President of the Fund (right side in photo), who said: “We are glad that our working relationship with the EBRD is signified with the signing of the Memorandum today. Stretching from central Asia to central and eastern Europe to northern Africa, the EBRD’s areas of operation cover many strategic nodes along the Belt and Road Initiative, and are important investment destinations for Chinese corporates. We look forward to seeing the two institutions co-finance important projects soon and together promote regional and global connectivity for common development.”

The Silk Road Fund is a development and investment fund dedicated to supporting infrastructure, resources and energy development, industrial capacity cooperation and financial cooperation in countries and regions involved in China’s Belt and Road Initiative.

The Belt and Road Initiative runs through Asia, Europe and Africa. It is aimed at promoting the orderly and free flow of economic factors; the highly efficient allocation of resources and deep integration of markets; encouraging the countries along the Belt and Road to achieve economic policy coordination and carry out broader and more in-depth regional cooperation of higher standards; and jointly creating an open, inclusive and balanced regional economic cooperation architecture that benefits all.

The European Bank for Reconstruction and Development (EBRD) was established in 1991 to nurture the private sector in Central and Eastern Europe and ex-Soviet countries. The EBRD uses investment to help build market economies and democracies from central Europe to central Asia. The EBRD is the largest single investor in the region and mobilizes significant foreign direct investment beyond its own financing. Owned by 61 countries and two intergovernmental institutions, the EBRD provides project financing for banks, industries and businesses. For more information, visit http://www.ebrd.com/home

Source: EBRD