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State Aid

State aid: Public financing at Húsavik harbour approved

26.2.2014

PR(14)09

Today, the EFTA Surveillance Authority decided to approve the Icelandic plans to expand and improve the Húsavik harbour.

«The expansion of the harbour infrastructure will help the development of the industrial site at Bakki and facilitate the overall regional development. Given the size of the project and the limited revenues derived on the long run, it would not have been realised without public financing», Oda Helen Sletnes, president of the EFTA Surveillance Authority, said.

The Authority considered that the public financing of these measures is kept to the minimum necessary, and that it will not pose any problems to competition and trade.

The Icelandic authorities had provided the Authority with a notification of their plans on 11 June 2013. The plans involved the expansion of the pier Bökubakki, as well as some dredging activities. The harbour construction is expected to commence in the course of 2014 and it is estimated to be completed in 2 to 2.5 years.

A non-confidential version of today's Decision will be published in the register of state aid decisions on the Authority's website, normally within a month.

 

For further information, please contact:

Mr. Andreas Kjeldsberg Pihl
Press & Information Officer
tel. (+32)(0)2 286 18 66
mob. (+32)(0)492 900 187

 

 




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