Common use of Principle of Co-Financing Clause in Contracts

Principle of Co-Financing. In accordance with the Phare Guidelines, all investment projects supported by Phare must receive co-financing from national public funds. The Community contribution may amount to up to 75% of the total eligible public expenditure. Taxes are not an element eligible for co-financing. Co-financing for Institution Building projects is provided by the Beneficiary Country bearing certain infrastructure and operational implementation costs, through financing the human and other resources required for effective and efficient absorption of Phare assistance.

Principle of Co-Financing. In accordance with the Phare Guidelines, all investment projects supported by Phare must receive co-financing from national public funds. The Community contribution may amount to up to 7575 % of the total eligible public expenditure. Taxes are not an element eligible for co-financing. Co-financing for Institution Building projects is provided by the Beneficiary Country bearing certain infrastructure and operational implementation costs, through financing the human and other resources required for effective and efficient absorption of Phare assistance.