"It is for the parties to the funding agreements to determine the exact time when returns to the funds can be returned to the competent authority to be re-used for urban development projects. It would be reasonably expected that this would happen at the closure of the fund. In this way it could be ensured that during the entire period of the life of the fund finance is made available to PPPs and other urban development projects (or to enterprises, in the case of venture capital, loan or guarantee funds)"21. This feature presents the advantage of better leverage of EU Funds than other manners of combining EU Funds with PPP schemes.
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21 COCOF 08/0002/01-EN.