ANNOUNCED AS TEMPORARYNo
On 1 April 2016, the European Commission approved the extension of a state guarantee scheme for the shipbuilding industry. The scheme, initially approved in 2006, has now been prolonged until 31 December 2025.
The scheme was not only prolonged but also amended with risk ceiling raised from 2 to 3 billion EUR per project. Also, the maximum length of the guarantee was adjusted from 4 years to now depending on the type of project.
The initial scheme offers construction financing, down-payment guarantees and performance bonds to shipbuilding contracts worth between 40 and 900 million EUR (a total budget was not mentioned). It was originally planned until the end of 2010 but was then extended until 2015.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
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