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Europe Daily Bulletin No. 8150

14 February 2002
Contents Publication in full By article 15 / 46
GENERAL NEWS / (eu) eu/transport
United Kingdom aid to Railtrack cleared

Brussels, 13/02/2002 (Agence Europe) - The Commission has approved aid granted by the United Kingdom to the track maintenance company Railtrack, to enable it to assume the continuity of the service for the duration of its being placed under administration. The aid of 8.78 billion euro (£5.42 billion) was granted in the form of a loan, that may be transformed into a State guarantee. According to the Commission, it meets the criteria of guidelines on aid to rescue and restructuring as it is...

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