ANNOUNCEMENT 26 Jul 2012

On 26 July 2012, the EIB provided financing worth EUR 480 million (USD 590 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 26 Jul 2012 | Removal date: open ended

State loan

On 26 July 2012, the European Investment Bank (EIB) announced an agreement worth EUR 480 million (approx. USD 590 million) for the project Pais Vasco Knowledge Economy 2 from Spain. The total cost of the project is estimated at EUR 2707 million.

According to the project description issued by the EIB, Financing of investments to foster the knowledge economy in the Basque Country, Spain..

The objective of the project is defined as following: The project includes several components of capital expenditure of the Basque Country’s investment plan in the sectors of Education, Cultural Heritage and R&D. The investments are consistent with the Regional and State Authorities strategies, oriented at implementing the Community Support Framework (CSF) programme 2007-2013 and Estrategia Euskadi 2013..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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