1. Financial absorption and increase in costs in Cohesion Fund projects
Ieva Ozoliņa Ministry of Finance, Project Appraisal Department, Deputy Head of Project Implementation Monitoring Division
Riga, 11 April 2008

2. Absorption of Funding
Managing Authority of the Cohesion Fund – Ministry of Finance

3. Disbursement progress
Managing Authority of the Cohesion Fund – Ministry of Finance

4. Forecast of disbursements I
Managing Authority of the Cohesion Fund – Ministry of Finance

5. Forecast of disbursements II
In total in the next 3 quarters it is planned to claim from the EC EUR 118 M (or 16.6% of total approved funding), including:
53 millions - for projects in transport sector
63 millions - for projects in environment sector
1.1 million – for technical assistance project for the Managing Authority
Managing Authority of the Cohesion Fund – Ministry of Finance

6. Forecast of disbursements III
It is planned that declarations of expenditure for 75% of the total funding approved for Latvia will be submitted to the EC until the next Monitoring Committee, including for: - 77% in transport sector - 73% in environment sector - 63% in technical assistance project for the Managing Authority
Managing Authority of the Cohesion Fund – Ministry of Finance

7. Increase in cost I
Managing Authority of the Cohesion Fund – Ministry of Finance

8. Increase in cost II
Managing Authority of the Cohesion Fund – Ministry of Finance

9. Increase in cost III
Managing Authority of the Cohesion Fund – Ministry of Finance