The indicative available budget for this Annual Call was EUR 7 million and a possible EU contribution ranged from EUR 500,000 to EUR 2.5 million. The funds were intended for studies and thus the co-funding rate in respect of selected proposals was 50% of the total cost of the proposed studies. This Annual Call priority addressed two stages of maturity:
• studies (usually feasibility studies) in respect of projects that have suitable profiles for being implemented as PPPs
• studies that will allow a project in respect of which Value-for-Money has already been demonstrated to move closer to implementation.