Annex E. Example of a project appraisal form

Measuring the environmental efficiency of an investment implies calculating the unit cost of decreasing, for example, PM2.5 emissions. The unit cost should be calculated as the difference between PM2.5 emissions from old diesel buses and from new buses. The calculation should use real emission factors from the model.

The best project receives 10 points, the worst 0 points; other projects receive points proportional to their position.

	Criteria	Weight	Max No. of points	Points
A	Project preparation	0.1
1	Prepared business plan or strategic for project implementation in the city		0-1
B	Project location	0.2
1	Buses that will be replaced in polluted districts of cities		5
2	Buses that will be replaced are used only in the centre of the eligible city		5
3	Buses that will be replaced are used in the city centre and on the outskirts/suburbs of the eligible city		3
4	Buses that will be replaced are used in the city and connecting the rural area outside the eligible city		0
C	Project type	0.2
1	CNG-powered buses		10
2	Trolleybuses		5
3	LPG-powered buses		1
4	Modern diesel buses
D	Project size	0.2
1	More than 20 buses to be replaced		10
2	Between 10 and 20 buses to be replaced		5
3	Fewer than 10 buses to be replaced		1
E	Proposed system of improvements of urban public transport in the city:	0.1
1	Length of the new bus lanes (0 points < 2km, 1 p.– up to 2km, 2p. > 2km)		2
2	Number of traffic lights with priority for public transport (0 points < 2, 1 p.– up to 4, 2p. > 5)		2
3	Number of bus stops newly equipped with online information for passengers (0 points < 2, 1 p.– up to 4, 2p. > 5)		2
4	Number of new bus stops (0 points < 2, 1 p.– up to 4, 2p. > 5)		2
5	Other measures (points according to expert opinion)		2
F	Environmental efficiency	0.2
1	Unit efficiency	(F2-F3) /F4
2	Calculated annual PM2.5 emissions from old buses [PM2.5 kg]
3	Calculated annual PM2.5 emissions from new buses [PM2.5 kg]
4	Project costs
5	Points for environmental efficiency – the best project with unit efficiency Ubest receives 10, the worst with unit efficiency Uworst receives 0, others with unit efficiency U receive 10*(U-Uworst)/ (Ubest-Uworst)		10
G	Total: (weights x points)

Annex E. Example of a project appraisal form