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Financing agreement for multi-country
programmes
(december 29, 2006)
Special Conditions
The European Community, hereinafter referred to as «the Community», represented by the Commission of the European Communities, hereinafter referred to as «the Commission»,
of the one part, and
The government of the Republic of Kazakhstan, hereinafter referred to as «the Beneficiary»,
of the other part,
HAVE AGREED AS FOLLOWS:
ARTICLE 1 - NATURE AND PURPOSE OF THE OPERATION
1.1. The Community shall contribute to the financing of the following Tacis Regional Action Programme 2005, hereinafter referred to as the Programme, which is described in the Technical and Administrative Provisions in Annex II.
1.2 This programme will be implemented in accordance with the Financing agreement and the annexes thereto: the General Conditions (Annex I) and the Technical and Administrative Provisions (Annex II).
ARTICLE 2 - THE COMMUNITY'S FINANCIAL CONTRIBUTION
2.1 The total cost of the programme is estimated at 53.6 million euros1.
2.2 The Community undertakes to finance a maximum of 53.6 million euros. The breakdown of the Community's financial contribution into budget headings is shown in the budget included in the Technical and Administrative Provisions in Annex II.
________________________
1Indicatively, Kazakhstan win approximately benefit with 갠 5.1 million оf this amount
ARTICLE 3 - THE BENEFICIARY'S CONTRIBUTION
3.1 The Beneficiary shall not contribute financially to the programme.
3.2 Where there is a non contribution of the Beneficiary the detailed arrangements shall be set out in the Technical and Administrative Provisions in Annex II to the Financing agreement.
3.3 There is no obligation for the Beneficiary to co-finance projects from this Programme.
ARTICLE 4 - PERIOD OF EXECUTION
The period of execution of the Financing agreement shall commence on the entry into force of the financing agreement and end at 31.12.2012. This period of execution shall comprise two phases: an operational implementation phase, which shall commence on the entry into force of the financing agreement and end at 31.12.2010. As from this date shall commence the closure phase, which shall end at the end of the period of execution.
