EU okays $1.5 bln state funded joint hydrogen project, $1.1 bln joint healthcare project
28/05/2024 12:03
(Repeats story with no changes in text)
By Foo Yun Chee
BRUSSELS, May 28 (Reuters) - EU competition regulators
on Tuesday approved a 1.4-billion-euro ($1.52 billion) joint
hydrogen project funded by seven EU countries and a separate
1-billion-euro ($1.1 billion) joint healthcare project funded by
a group of six EU countries.
Estonia, France, Germany, Italy, Netherlands, Slovakia and
Spain will provide up to 1.4 billion euros in public funding,
for the hydrogen project which is expected to unlock an
additional 3.3 billion euros in private investments, the
European Commission said in a statement.
It said 11 companies, including Airbus AIR.PA , BMW
BMWG.DE and Michelin MICP.PA , will take part in 13 projects.
The healthcare project will be funded by Belgium, France,
Hungary, Italy, Slovakia and Spain to support research and
innovation and is expected to unlock an additional 5.9 billion
euros in private investments, the Commission said.
Sanofi SASY.PA , Euroapi EAPI.PA and 11 other companies
will participate in 14 healthcare schemes.
Both schemes are so-called Important Project of Common
European Interest (IPCEI) which allows EU governments to fund
them under looser EU state aid rules.
($1 = 0.9193 euros)
(Reporting by Foo Yun Chee)
((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters
Messaging: foo.yunchee.thomsonreuters.com@reuters.net))