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The first phase of the project will see the new arrivals network operating at an initial rate of 80. The project will be undertaken in phases and the system will be fully operational by the end of The Norwegian Bank Commission has put the cost of launching the infrastructure at NOK 3bn, meaning that the total budget for the project will be NOK 9bn.
Lowering the price will enable the project to be funded entirely by the parties to which this notice is addressed. In addition, the parties are asked to contribute more than NOK 2bn to the infrastructure fund to cover anticipated startup costs.
The Norwegian government put NOK 3bn into the fund and the private sector will put NOK 5bn into the fund. The Commission is the owner of the infrastructure. The structure of the fund will be as set out in the Memorandum of Understanding between the Commission and the fund participants on the one hand, and the President of the Commission and the Commission on the other.
The fund will not bear any liability for any capital losses incurred by the project. The deposit will be placed in a single-member deposit guarantee fund, whose member is the Treasury. The fund will be in the form of a non-for-profit corporation which will purchase the Norwegian Government bond.
This means that the investment fund will be protected by the Norwegian Government, and the Commission will not be liable for any loss. The Commission will perform risk management for the fund with the aim of establishing a fair and prudent rate of return.
The upper limit of the investment fund is fixed at NOK 21bn. Commission reserves an amount of NOK 5bn for its own capital in the fund. The initial capital in the fund will be NOK 3bn, provided by the Norwegian Government and NOK 2bn provided by the private sector. The investment fund will invest the remainder of the capital in shares of other funds which have an established track record.
The Commission will