Brussels, 16/02/2000 (Agence Europe) - The European Commission has authorised a Spanish research and development aid scheme that is part of a technology plan for motor vehicle equipment and components worth EUR 240.4 million (ESP 40 billion) for 2000 to 2003. The aid takes the form of ten-year interest-free loans covering up to 75% of project costs. Research will focus on safety features, recycling and maintenance of vehicles and their components, vehicles used for public transport and special transport.
The Commission concluded that the repayable loans are compatible with European rules on research and development aid.