A cost-benefit analysis of the Franco-Spanish MidCat gas pipeline, which was commissioned by the European Commission and leaked to the press on Wednesday 18 April, questions the financial viability of this project, with an anticipated cost of €3 billion and which has already received Community support of €5.6 million as an infrastructure project of common interest, or PCI(see EUROPE 11526).
The study, which was carried out by the Finnish consultancy Pöyry for the Commission, which is...