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Council Regulation (EEC) No 4070/87 of 22 December 1987 on the grant of support to transport infrastructure projects article 2 CELEX: 31987R4070 1. The financial support granted under this Regulation to the projects chosen in accordance therewith may not exceed 25 % of the total cost of each project or of the particular stage of the projects to be supported. The support may be increased to not more than 50 % in the case of studies carried out preparatory to construction work. 2. In no case shall the contributions from the Community budget sources exceed 50 % of the total cost of the project or that part of the project that is assisted. 3. An advance payment of no more than 40 % of the Community contribution may be provided to accelerate the execution of projects. 4. The amount of Community financial contributions to the projects referred to in Article 1 shall be decided on by the Commission in agreement with the Member States involved. |