Cost-Benefit Analysis - ES fondi
Cost-Benefit Analysis - ES fondi
Cost-Benefit Analysis - ES fondi
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EN<br />
Discount<br />
rate<br />
21<br />
A 5% financial discount rate in real terms<br />
is recommended as a benchmark for<br />
public investment projects co-financed by<br />
the Funds.<br />
Values differing from the 5% benchmark may<br />
be justified on the grounds of:<br />
- MS’s specific macroeconomic conditions<br />
- The nature of the investor (public/private).<br />
- The sector concerned (e.g., transport,<br />
environment, energy, etc.).<br />
Consistency must be ensured amongst the<br />
discount rates used for similar projects in<br />
the same region/MS
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