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Council Regulation on financial aid for trans-European networks

The Council has adopted a Regulation defining the conditions and procedures for granting Community aid to projects of common interest in the field of trans-European networks for transport, telecommunications and energy infrastructures.

Under the terms of this Regulation, Comm...
The Council has adopted a Regulation defining the conditions and procedures for granting Community aid to projects of common interest in the field of trans-European networks for transport, telecommunications and energy infrastructures.

Under the terms of this Regulation, Community aid may take one or several of the following forms:

- Co-financing (normally of up to 50% of the total cost) of studies related to projects, including preparatory, feasibility and evaluation studies and other technical support measures for these;
- Subsidies (normally not exceeding five years) of the interest on loans granted by the EIB or other public or private financial bodies;
- Contributions towards fees for guarantees for loans from the European Investment Fund or other financial institutions;
- Direct grants to investments.

The aid may not exceed the minimum necessary for the launch of a project and, irrespective of the form of intervention chosen, the total amount of Community aid may not exceed 10% of the total investment cost.

Projects are eligible only if they meet certain eligibility criteria. In particular, they must be financed by the Member States or by regional or local authorities, or bodies working within an administrative or legal framework which makes them equivalent to public entities. Applications for aid must be submitted to the Commission by the relevant Member State or by the body directly concerned, subject to the agreement of the Member State.

The financial reference amount for the period 1995-1999 will be ECU 2,345 million.
DE
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