1.
Where a major project has been appraised positively by a quality review by independent experts, on the basis of their assessment of the information referred to in the first paragraph of Article 101, the managing authority may proceed with the selection of the major project in accordance with Article 125(3). The managing authority shall notify the Commission of the selected major project. That notification shall consist of the following elements: the document referred to in point (c) of Article 125(3) setting out: the body to be responsible for implementation of the major project; a description of the investment, its location, timetable and expected contribution of the major project to the specific objectives of the relevant priority axis or axes; the total cost and total eligible cost, taking account of the requirements set out in Article 61; the financing plan, and the physical and financial indicators for monitoring progress, taking account of the identified risks; the quality review of the independent experts, providing clear statements on the investment's feasibility and the economic viability of the major project. The financial contribution to the major project selected by the Member State shall be deemed to be approved by the Commission in the absence of a decision, by means of an implementing act, refusing the financial contribution within three months of the date of the notification referred to in the first subparagraph. The Commission shall refuse the financial contribution only on the grounds that it has established a significant weakness in the independent quality review. The Commission shall adopt implementing acts establishing the format for the notification referred to in the first subparagraph. Those implementing acts shall be adopted in accordance with the examination procedure referred to in Article 150(3).
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Source: EUR-Lex (Cellar) · retrieved 2026-10-29 · Text as adopted (Official Journal); later amendments are not incorporated in this text.