| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/14/329 (27.03.14) |
| Publication Date | 27/03/2014 |
| Content Type | News |
|
On 27 March 2014, the European Commission concluded that funding for an investment project in the amount of €71.1 million from the European Regional Development Fund to the Port of Salerno in Italy (Campania Region) is in line with EU state aid rules. The project will further EU transport objectives, such as preserving a wide range of integrated maritime connections in Europe, without unduly distorting competition in the Single Market. According to the Commission's decisional practice, investment aid to port infrastructure is approved if it meets a clearly defined objective of common interest, if it is necessary and proportional to achieve this objective, and if it does not affect competition and trade between Member States to an extent contrary to the common interest. |
|
| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-14-329_en.htm |
| Subject Categories | Internal Markets, Mobility and Transport |
| Countries / Regions | Europe, Italy |
