The EU Commission authorises aid in order to enable the concession holders to finalize two motorway projects that have encountered financial difficulties

Article published on Lexxion State Aid Blog

Public Funding of Projects that Encounter Financial Problems* Main points Aid that is granted after the start of a project lacks incentive effect and is, therefore, incompatible with the internal market. However, aid may be justified when a project runs into financial trouble and, as a result, is likely to be abandoned without the aid. Introduction In two decisions in December 2013, the European Commission authorised State aid for two motorway projects in Greece that had run into trouble as a result of the financial crisis. There is nothing unusual about the State stepping in to cushion the impact of the crisis. However, what makes these two decisions unusual is that i) initial public funding was found not to constitute State aid and ii) the subsequent funding was deemed to have an

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Phedon Nicolaides, The EU Commission authorises aid in order to enable the concession holders to finalize two motorway projects that have encountered financial difficulties, 13 décembre 2013, e-Competitions December 2013, Art. N° 64805

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