BRUSSELS SETS COMBINED TRANSPORT AID PRECEDENT
September 1st, 2007
BY KEITH NUTHALL
THE EUROPEAN Commission has signalled it is prepared to allow national governments funnel large sums of money direct to haulage companies to finance combined transport equipment and systems. Brussels has approved as legal under European Union (EU) state aid rules an Austrian government programme, making Euro 35 million available to transport companies until 2011. This Austria 'State Fund ERP' will, said a European Commission note "be able to grant transport firms loans at interest rates that are better than market rates. The loans can be ...
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