Salerno takes a slice of the EU cake

摘要

The Italian port of Salerno is set to receive state aid. The European Commission has authorised the allocation of EUR 71 million for modernisation works in the region of Campania's important centre of trade and industry. The European Commission has concluded that the funding of a EUR 71.1 million investment project in the Italian port of Salerno, in the Campania region, is in line with EU state-aid rules. The body said that its European regional development initiative, a fund designed to promote member states' transport projects, may contribute to the undertaking. This specific project will further the EU's objective of helping to preserve integrated maritime connections in Europe, without unduly distorting competition in the single market in the process.