Having considered the comments and recommendations of the Sub-Committee on Project Review (UNEP/OzL.Pro/ExCom/41/14, paragraphs 140 and 141), the Executive Committee decided:
- To endorse the approach adopted by the Secretariat and UNIDO to determine the remaining eligible CTC consumption in the Democratic People’s Republic of Korea, as described in paragraph 4 of document UNEP/OzL.Pro/ExCom/41/39;
- To approve in principle the plan for terminal phase-out of CTC in the Democratic People’s Republic of Korea at a total cost of US $5,684,840 plus support costs of US $426,363 for UNIDO in accordance with the Agreement between the Government of the Democratic People’s Republic of Korea and the Executive Committee contained in Annex XV to the present report;
- Also to approve US $3,500,000 plus agency support costs of US $262,000 for UNIDO for the implementation of the first tranche of the project proposal; and
- To note that the Government of the Democratic People’s Republic of Korea undertook not to submit any projects in the CTC consumption sector except for process agent applications currently ineligible for funding and that in such cases the amount of CTC eligible for funding under the Multilateral Fund would not exceed 146 ODP tonnes and the funding level would not exceed US $6.07/kg.