EC: no objections to financing of harbour Estonia

Maritime infrastructure: financing of the Eastern extension of Muuga Harbour in Estonia does not fall under competition rules

Brussels, Belgium – The European Commission has 2007-02-07 decided not to raise any objections to the investment by Port of Tallinn Ltd. in the Eastern extension of Muuga Harbour. The project provides for new investments in the harbour, a structural part of the Port of Tallinn in view of the forecasted increase of cargo throughput.

The overall costs of the project to extend the Eastern infrastructure of the Tallinn port are € 116 067 000 and all the investments are related to the construction of new infrastructure. Since this investment is financed by Port of Tallinn, which will own and operate the new infrastructure, through its own revenues or through resources found by this company on the markets without State intervention, the Commission has come to the conclusion that this investment does not involve any transfer of State resources and hence any State aid to Port of Tallinn Ltd.

Auteur: Redactie Infrasite

Bron: European Commission