EU ends state aid probe into Danish and Swedish public financing of Øresund transport link
13/02/2024 10:45
BRUSSELS, Feb 13 (Reuters) - The European Commission
said on Tuesday it had ended its state aid investigation into
Danish and Swedish public financing of the Oresund fixed
rail-road link.
"The European Commission has concluded that the State
guarantee model granted by Denmark and Sweden for the
construction of the Øresund fixed rail-road link does not
constitute new aid within the meaning of EU State aid rules," it
said.
"The Commission has also found that part of the tax support
implemented by Denmark constitutes new aid that is
disproportionate and therefore not compatible with the Treaty.
Denmark must now recover the incompatible aid, including
interest," it added.
The commission said it was up to Denmark to determine the
amount that needs to be recovered.
(Reporting by Sudip Kar-Gupta)
((sudip.kargupta@thomsonreuters.com;))