This announcement brings the federal government's funding commitment to high-speed rail projects in California to $4.3 billion.

Annual funding commitments to space activities will increase steadily during the course of FP7.

For the practically impoverished GO, it was a welcome funding commitment.

But the Global Fund's sterling work is under threat as the west reviews its funding commitments.

"Thoughtful leaders favor partnerships involving public and private funding commitments," Budig said.

The EU is 20 billion euro short of its funding commitments, at a time when states are cutting back their aid budgets.

Its efficient implementation requires compliance with all environmental legislation and project promoters must keep to their funding commitments.

That is why we are going to press for that money to be distributed, efficiently of course and in line with the funding commitments.

But the Russian Government has been leery of such a funding commitment.

"We think that this is the most significant funding commitment by any international institution to date."