Macedonia gets the green light from the European Commission (EC) to independently manage IPA funds for Component 3 on Regional Development. It is an amount of EUR 40.5 million for the period 2007-2009, while the Government will co-finance the project implementation with EUR 38 million in the period up to 2012. Total amount of funds allocated for this program is EUR 78.5 million.

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The funds are envisaged for financing the completion of Corridors 8 and 10 and environment promotion projects. Part of the funds will be used for construction of Demir Kapija-Smokvica section, as well as for Prilep waste water treatment station.

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It is soon expected for the Commission to confer management powers for independent management of IPA funds for Component 1, which covers Transition Assistance and Institution Building, as well as Component 4 – Human Resources Development. In September, audit mission is expected, after which conferral of management powers for Component 5 – Rural Development is expected.

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