Financing agreement for multi-country Programmes (December 29, 2006)

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Financing agreement for multi-country Programmes
 
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 Kazakhstan, hereinafter referred to as «the Beneficiary»,

of Ihe 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 Central Asia Action Programme 2005 (trackl: regional component) - Kazakhstan, hereinafter referred to as the Programme, which is described in the Technical and Administrative Provisions in Annex II.¹

1.2 This programme will be implemented in accordance with the financing agreement and the annexes thereto: ihe 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 15 million euro.²

2.2 The Community undertakes to finance a maximum of 15 million euro. 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.

_____________________________

¹ This date refers to the year when the European Union assigned budget funds for implementation of the projects agreed by the parties

² Indicatively, Kazakhstan will benefit from 5.5 million euro of 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-financial contribution by the Beneficiary, the detailed requirement shall be set out in the Technical and Administrative Provisions in Annex II to the financing agreement.

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 31.12.2013. 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 31.12.2011. As from this date shall commence the closure phase, which shall end at the end of the period of execution.