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Financing and support from other sources

Originally the support requested for this project from EC was 2.2 MECU, but only 500.000 ECU could be provided by EC to a revised project. The question was raised, of course, if it would be right to cut out significant parts of the project to be better able to make progress on other parts of it. It was, however, agreed that it was more worth to keep the multidisciplinary character of the project, so all the main projects were kept in. Evidence has shown that this decision was correct. Among significant items that had to be cut from EC fundings was building of new seismic stations in the existing seismological acquisition and evaluation system, i.e. the SIL system. It showed to be possible to achieve funds from other sources to extend the seismological system, gradually even far beyond the what was planned in the EC proposal. Among others, Icelandic communities and civil defence funds, the Icelandic Government and the Icelandic Research Council could provide a significant contribution to extend the SIL system. The PRENLAB contractors succeeded to obtain financial guarantees from the various institutions and funds for being able to plan realistic projects falling within the objectives of the original multidisciplinary proposal and thus to compensate partly for the cutting of the requested EC support.


next up previous contents
Next: Some significant results Up: Summary Previous: How the project was
Gunnar Gudmundsson
1999-03-17