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For the 2009-2014 period, €988.5 million were made available for projects in the 10 new EU members, and to Greece, Portugal and Spain. Additionally Norway has made €800 million available to projects in the 10 new member states through the Norwegian Financial Mechanism (FM). Thus, a total of € 1.79 billion have been made available for projects in the priority sectors of the financial mechanisms for the period 2009-2014.
The overall objectives of these Financial Mechanisms for the 2009-2014 are:
Malta has received €4.5 Million from Norway, Iceland and Liechtenstein after two separate Memorandums of Understanding (MoUs) were signed on 27th September 2011 between the four countries on the Implementation of the EEA and the Norwegian Financial Mechanisms for the 2009-2014 programme period. €2.9 Million were allocated under the EEA Financial Mechanism whilst €1.6 Million were allocated under the Norwegian FM.
An MoU is concluded between the EFTA states and each Beneficiary state – one for each mechanism – in order to ensure the effective implementation of the mechanisms. The Beneficiary States set priorities and propose, develop and implement projects.
The Financial Mechanisms support projects implemented in the various Beneficiary States which target a wide range of priority areas. The financial contributions under the EEA FM are available under the following priority sectors:
The Norwegian FM has the following priorities:
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