SILKRAILS.WORDPRESS.COM (GCTL8.com – FOCUSASIA MEDIA Ltd)

BRUSSELS, May 22 (FAM) – The European Commission announced it will allow EU member states to invest up to €150m ($167m) in sea port projects without the need for approval of European authorities, in an amendment of current EU state aid rules.

Under the changes announced on Wednesday, inland ports can also receive up to €40m in state aid without the need to report to regulatory authorities.

 

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