The SAPARD funds aimed
at financing the rural development projects will be ceased as the
application forms request more money than the Fund can provide. The
requested sum amounts to 1.63 billion Euros while the Fund has 1.5 billion
Euros left. The last day for projects’ submission is July 31, 2006.
5118 application forms have been submitted so far, valued at 1.63 billion
Euros. 3883 projects were declared eligible and received a total amount of
1.18 billion Euros. 1.235 application forms are now under the scrutiny of
the Fund’s officers.
The projects submitted before the deadline that are declared as “eligible”
but there are no available funds, will be put on hold and financed if other
projects receive sanctions.
source
Do you have anything to say? Fill in the below
