[{"bbox": [128, 161, 682, 190], "category": "Section-header", "text": "# 4 IMPLEMENTATION ARRANGEMENTS"}, {"bbox": [128, 213, 423, 243], "category": "Section-header", "text": "## 4.1 Financing Agreement"}, {"bbox": [140, 261, 1131, 318], "category": "Text", "text": "In order to implement this Action, it is envisaged to conclude a financing agreement with the OCT Bonaire, public entity of the Netherlands⁴⁶."}, {"bbox": [128, 336, 551, 366], "category": "Section-header", "text": "## 4.2 Indicative Implementation Period"}, {"bbox": [140, 385, 1131, 533], "category": "Text", "text": "The indicative operational implementation period of this Action, during which the activities described in section three will be carried out and the corresponding contracts and agreements implemented, is 48 months from the date of entry into force of the Financing Agreement. Extensions of the implementation period may be agreed by the Commission's responsible authorising officer by amending this Financing Decision and the relevant contracts and agreements."}, {"bbox": [128, 553, 739, 583], "category": "Section-header", "text": "## 4.3 Implementation of the Budget Support Component"}, {"bbox": [128, 600, 714, 627], "category": "Section-header", "text": "### 4.3.1 Rationale for the Amounts Allocated to Budget Support"}, {"bbox": [140, 644, 1131, 759], "category": "Text", "text": "Budget Support is particularly suited for Bonaire, since the Public Entity Bonaire is familiar with this modality (10th and 11th EDFs) and has demonstrated good capacity to absorb financial support. Financial risks which could advise against continued budget support (e.g. fiduciary risks or low absorption rate) have not been identified."}, {"bbox": [140, 779, 1131, 989], "category": "Text", "text": "The amount allocated for the budget support component is EUR 4 100 000 and for complementary support is EUR 500 000. The amount for budget support is based on the assumption that most of the budget support will be used for complementing Dutch funding. The implementation of the sanitation component of the NEPP (2020-2030) is financially supporting by Dutch funding (estimated at EUR 3 900 000) earmarked for it. Additionally, the Dutch Ministry of Infrastructure and Water Management allocated EUR 7 000 000 to cover operating cost of the wastewater treatment plant for the period 2021-2024. The Action will be therefore implemented in the spirit of a Team Europe approach."}, {"bbox": [140, 1004, 1131, 1122], "category": "Text", "text": "The complementary support for EUR 500 000 is based on the need for support in the implementation of the budget support programme and for exploring how InvestEU could complement this programme. Specific EU visibility activities could also be funded by this complementary support. (see also 4.4.1 Direct Management (procurement)."}, {"bbox": [140, 1139, 1131, 1227], "category": "Text", "text": "The following disbursement calendar and profile proposed for the Action is indicative. The actual disbursement calendar and profile will be set out in the Financing Agreement and may remain subject to change."}, {"bbox": [141, 1240, 1129, 1357], "category": "Table", "text": "<table><thead><tr><th></th><th>2024</th><th>2025</th><th>2026</th><th>2027</th><th>Total</th></tr></thead><tbody><tr><td>Fixed tranches in million EUR</td><td>2.5</td><td></td><td>1.1</td><td></td><td>3.6</td></tr><tr><td>Variable tranches in million EUR</td><td></td><td></td><td></td><td>0.5</td><td>0.5</td></tr><tr><td>Total</td><td>2.5</td><td></td><td>1.1</td><td>0.5</td><td>4.1</td></tr></tbody></table>"}, {"bbox": [128, 1596, 1140, 1645], "category": "Footnote", "text": "⁴⁶ The signing of the Financing Agreement will be done by the Acting Governor, Mr Reynolds Oleana. This will be communicated by the Government of Bonaire to the Delegation."}, {"bbox": [1026, 1682, 1140, 1705], "category": "Page-footer", "text": "Page 20 of 25"}]