The value of the reimbursement made to the SDM is only meant to settle the interim payment at stake. The value of the third pre-financing will be calculated on the basis of INEA’s formula as follows:
III pre-financing formula= 40%*(cumulated financing needs up to 2017) – I pre-financing
– II pre-financing.
(cf Article II.24.2b of the FPA).
Please also note that each payment is calculated at Action level on the basis of INEA’s formula above and reflected at IPP level.