As a result of this the project has a well

UNECE is responsible for the management of the funds contributed in cash. As a result of this, the
Project has a well established and permanent arrangement for the continuous administration and co-
ordination of its technical, managerial and economic activities.
16. According to the financial report for 2003, approved by the forty-first session of the TEM
Steering Committee, the total funds available in the year 2003 amounted to USD 103,801 with total
expenditures (including UNECE Programme support costs) representing USD 87,979, resulting in a
total unencumbered positive balance as at 31 December 2003 amounting to USD 15,822.
17. The TEM Programme of Work and adjusted budget for 2004, based on the provisions of the
Trust Fund Agreement and approved by the fortieth session of the TEM Steering Committee (12-14
November 2003, Trieste) and forty-first session of the TEM Steering Committee (31 May-2 June
2004, Antalya) are attached to this report as its Annexes 2 and 3.
18. Besides the co-operation and assistance activities of the Project regarding the acceleration of
TEM construction itself, the TEM Project performs the piloting function in private sector funding of

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motorway and road construction and maintenance, focusing on the legal framework for building
motorways with foreign credits and concession systems, evaluation of payback systems, including
conditions for the application of motorway tolls, investigation and/or development of issues for
assessing Public Private Partnership arrangements and technical assistance in the areas of private
financing of motorways.
19. In the recent period, the scope of technology and know-how transfer in the framework of the
TEM has also widened, going from motorway design, construction and operation to the broader
field of common motorway and road issues, such as pavement and bridge management,
environmental impact assessment, standardization, harmonization of signing, introduction of
intelligent transport systems, etc. The forms, tools and techniques used in technology transfer within
the TEM vary according to the aim and type of respective activities. They include seminars,
workshops and round tables usually organized by one member country jointly with the TEM Project
Central Office in accordance with the annual programme of work, often in collaboration with one or
more non-TEM institutions or consultants.
20. These transfer and technical assistance activities have also included valuable inputs from other
OECD countries, especially from the countries of the European Union and the United States of
America. Within the multitude of technology transfer programmes directed now to Central and
Eastern European countries, the TEM is unique in that it deals not only with the transfer from the
more developed Western countries to the region, but also with the technology transfer, coordination
and exchange of experience and know-how between the participating countries of the region
themselves. The technical potential amassed, in terms of experts trained, also constitutes a
substantial resource now possessed by the TEM Project, which can be capitalized on in other
regions.