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Introduction

Securing of financial agreement for the project

Securing project financing requires the preparation of a Financing Proposal (FP), for water-related projects as for others. This is presented to the Commission for approval and agreement by the EU member states.
The information presented in the FP will be derived from studies carried out during the Identification and Formulation stages of projects in all Focus Areas. Reference to these studies, and their principal findings, should be included within annexes to the FP. The FP, excluding annexes, must be succinct with a maximum of seven pages plus a one page logical framework. For projects costing less than ECU 2 million the FP must be a maximum of three pages plus the logical framework. The standard formats for these Financing Proposals are set out in Tables 1 and 2 at the end of this chapter. Annexes should be added to the FP to give details of the responses presented in the Proposal.
The checklist presented below serves as a guide for effective drafting of a Financing Proposal for a water-related project. To help in the preparation of an FP, it is structured around the standard format for larger projects but applies equally to a project of less that ECU 2 million.

 

 


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