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
TRANS/SC.1/2004/4 page 4 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.
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