financial envelope of the programme on the date of opening the present
Arrangement for signature is estimated at 308 millions of accounting units at
mid-1973 prices, on the basis of the elements described in annex B to the
present Arrangement. This amount will be reviewed at the end of sub-phase B 2
of the definition phase.
Participants agree that, should this review confirm the overall financial
assumptions, they will continue the programme and initiate sub-phase B 3 of
the definition phase, as well as the design, development and construction
phase. Should it appear that the estimates will be significantly exceeded,
the Participants who so wish may withdraw from the programme; however, those
Participants that wish to continue with the programme shall consult among
themselves and determine arrangements for such continuation.
Participants fix a financial envelope of 10 millions of accounting units for
the definition phase studies due to be completed by the end of 1973. The
Participants agree to contribute to the financing of these studies in
accordance with the scale set out in annexe B of the present Arrangement, but
only up to the amounts required for the execution of sub-phases B 1 and B 2
due to be completed by the end of July 1973. When the review referred to in
paragraph 1 of the present article is carried out, the Participants will
decide whether to unblock the amount of the envelope that relates to
sub-phase B 3.