EU okays Danish aid for rail-road link to Germany
Reuters
Published Mar 20, 2020 06:49AM ET
BRUSSELS (Reuters) - EU state aid regulators cleared on Friday Danish financial support for a rail-road link between Denmark and Germany, part of the North-South route connecting central Europe and the Nordic countries.
"The positive effects of the project clearly outweigh any potential distortion of competition," European Competition Commissioner Margrethe Vestager said in a statement.
The Fehmarn Belt fixed rail-road link includes a 19 km long undersea tunnel between the island of Lolland in Denmark and Puttgarden in Germany, consisting of an electrified, double-track railway and a four-lane motorway.
Copenhagen is providing capital injections, guarantees on loans and state loans to builder Femern A/S.
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Written By: Reuters
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