PART I: Combining Infrastructure Aid with SGEI Aid*PART II: Combining Infrastructure Aid with SGEI Aid* A provider of services of general economic interest may receive both investment aid and compensation for the extra costs of public service obligations. Introduction Governments normally support large infrastructural projects through guarantees. This is because such projects have a long life, the initial investment costs are very high and the recoupment of investment takes place over a long period through fees charged to users. Many things can happen in a period that can span several decades. Although banks and other creditors are happy to lend millions in the knowledge that there will be a steady stream of income from user fees, they also need the assurance of a state guarantee.
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The EU Commission finds that Lithuanian aid given to a gas terminal operator entrusted with services of general economic importance is compatible with the internal market (Klaipedos Nafta / LNG Terminal)
* Article published on StateAidHub: http://stateaidhub.eu, republished in e-Competitions with the courtesy of the author. The original title of this article appears below the e-Competitions title. Authors are welcome to write an alternative article on this case/text, provided they have no relationships with a party or related third party. Article will need e-Competitions Board approval before publication.
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