Key Characteristics and effects on Funding Schemes Typology Sample Clauses

Key Characteristics and effects on Funding Schemes Typology. The selection of basic elements to characterize revenue streams was based on the criteria of being exhaustive – covering the widest range of types of funding currently or potentially applied in transport infrastructure provision – and capturing the essential attributes relevant for the characterization of their effects on the relevant performance factors. If a funding scheme is characterized by a set of revenue streams originated or collected for the purpose of a project, to characterize the funding scheme as a whole it is necessary to distinguish the characteristics of each of the revenue streams that compose it. The definition of a funding scheme must therefore include the detailed characterization of each of its composing revenue streams. Secondly, it is necessary to characterize how those revenue streams are distributed throughout actors. To optimize risk allocation and incentives, funding schemes include a remuneration scheme to the agent which is not directly given by the revenue streams, but by a re-composition of its remuneration flows with given criteria appropriate to the optimization of the contractual arrangement. The characterization of a funding scheme therefore includes the definition of the remuneration scheme, i.e. to whom and how the revenues related to the project are attributed.
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