ANNOUNCEMENT 02 Jul 2015In July 2015, the government of France announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Press release by the EC
On 2 July 2015, the European Commission approved state aid to the French Port of Calais worth 270 million EUR. The aid will be used to build a new cross-channel terminal.
According to a press release by the Commision, "The Commission found that the public funding was limited to the minimum necessary to make the investment possible. Furthermore, the distortion of competition will be limited given the traffic growth forecasts and the fact that there are other ports and the Eurotunnel which will continue to exert competitive pressure on the Port of Calais".
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets, and from foreign subsidiaries.