BRUSSELS APPROVES ANOTHER EUR1.1 BILLION IN PUBLIC INVESTMENT FOR DELAYED BERLIN AIRPORT PROJECT
August 1st, 2016
THE EUROPEAN Commission has approved yet another financing injection for the troubled Berlin Brandenburg airport project, authorising EUR1.1 billion funding from the public shareholders of its operator FBB. These are the Berlin and Brandenburg länder (regions) and German government, so the Commission was assessing whether the financing broke EU state aid rules. Despite the colossal cost overruns and completion delays that have bedevilled the construction of this still unfinished airport, the Commission concluded that a private investor seeking long term returns ...
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