Member States

The Member States are responsible for:

  • Implementing the Modernisation Fund in their territory
  • Selecting the investment proposals they would like to support from their Modernisation Fund share
  • Submitting an indicative overview of their planned investments to the Commission, the EIB and the Investment Committee
  • Submitting the investment proposals for confirmation to the EIB and the Investment Committee, and providing the information needed for their assessment
  • Paying off the support to the project proponents or scheme managing authority(ies) upon the disbursement decision of the Commission
  • Participating in the Investment Committee
  • Monitoring and submitting annual reports on the implementation of the Modernisation Fund investments, including notifying the Commission of any discontinued investments and recovered funds as appropriate
  • Auditing the project proponents or scheme managing authorities, submitting the results of these audits to the EIB and the Commission
  • Taking appropriate measures to ensure that the financial interests of the Modernisation Fund are protected, including recovery actions.
bulgaria

Bulgaria

croatia

Croatia

Czech republic

Czech Republic

Estonia

Hungary

Hungary

Latvia

Latvia

Lithuania

Lithuania

Poland

Poland

Romania

Romania

Slovakia

Slovakia

Governance Member States