Independent journal on economy and transport policy
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The EU commission authorizes a public aid to for infrastructure crocieristiche the Harbour Authority of the Pireo
The project - Brussels has explained - could not be realized without the support of public funds
July 2, 2013
The EU commission has given own approval to a public financing of 113,9 million euros to the Harbour Authority of the Pireo that is granted by the government of Athens in order to finance a infrastructural project of the value of 120 million euros for the construction of two docks dedicated to the crocieristico traffic. Such project is co-financed with 96,9 million euros from the European structural Bottoms.
Brussels has explained that an analysis cost-benefits carried out from the Greek authorities has demonstrated that the returns embedded from the Harbour Authority of the Pireo deriving from the use of the infrastructure in the arc of next the 20 years will be insufficient in order to cover the cost of the investment and that, therefore, the project could not be realized without the support of public funds. According to found how much from the EU commission, the public financing of 113,9 million euros is limited to overwhelm such gap characterized from the analysis cost-benefits.
Moreover the Commission has found that the potential distortion of the competition generated from the creation of ulterior ability in the field of the crocieristico traffic in the port of the Pireo relatively is limited as the Greek port of call stops still a more rather contained quota the market of the cruises in the Mediterranean and that the positive effects of the project on the Mediterranean crocieristico market and the regional development by far exceed any potential distortion of the competition generated from the public financing.
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