Ecca Agreement

The AEEC agreement is a multilateral agreement signed on 9 June 2006. It entered into force on 1 December 2017. This is an important step towards a closer and deeper integration of all Western Balkan countries into European airspace, which will further improve growth, connectivity and competitiveness for all of us. Please note, however, that an applicant is not covered by the Ankara agreement if the Ministry of the Interior claims to have committed fraud. In the current hostile climate, policymakers regularly strive to use the “fraud exception” to reject an ECAA application. The project documents provide for the development, construction and operation of the project. Specific documents depend on the nature of the project and the risks inherent in a given project. Project lenders generally prefer a turnkey EPC (Engineering-Procurement-Construction) contract with a solvent contractor who has the resources, skills and experience to build and design the project, procure all necessary materials and components, and build and assemble the project. In some sectors of the energy sector, a turnkey contract may not always be available and project promoters have attempted to allocate responsibilities among the parties that are able to fulfil the most efficient and least costly obligation.

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