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Europe Daily Bulletin No. 8901

4 March 2005
Contents Publication in full By article 21 / 37
GENERAL NEWS / (eu) eu/transport
Green light given to SNCF restructuring plan - Gilles Savary denounces Commission decision

Brussels, 03/03/2005 (Agence Europe) - The European Commission on Wednesday authorised financial aid for restructuring the freight section of the French national railway company Société nationale des chemins de fer français (SNCF). The capital injection, which comes as part of an overall restructuring plan, will entail 1.5 billion euros - 800 million from the French state and 700 million from SNCF - to modernise rolling stock and overhaul the financial structure of SNCF's freight section....

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