ANNOUNCEMENT 02 Dec 2012In December 2012, the government of Austria announced a change in private-sector financial support.
NUMBER OF INTERVENTIONS
Letter from the EC to Austria:
On 2 December 2012, the European Commission approved a state aid programme to support Austrian combined transport services by rail.
According to the respective Letter to the Member State, the scheme is aimed "to support rail services in the following three forms of freight rail transport, i.e. the following three production forms of freight rail transport: single wagonload traffic ("SWT"), unaccompanied combined transport ("UCT") and accompanied combined transport ("RoLa"); and to compensate additional costs faced by rail transport but not by road transport."
The total budget is estimated at 1.118 billion EUR with 220 million EUR per year.
The state aid scheme shall run from 3 December 2012 until the end of the year 2017.
As this scheme will most likely affect rail and truck companies from neighbouring countries, states bordering with Austria are included as affected trading partners.
The GTA includes state guarantees and other financial incentivesthat are likely to affect the restructuring and performance of firmsfacing international competition, whether from imports, in exportmarkets, and from foreign subsidiaries.