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<STATE AID: Commission Approval

Commission clears public investment package to complete Berlin Brandenburg airport

The European Commission has found a German public investment package to complete the construction of Berlin Brandenburg airport Willy Brandt to be in line with EU state aid rules. The investment will be made on market terms and will thus involve no State aid to airport operator Flughafen Berlin Brandenburg (FBB). In. January 2016, Germany notified plans by the airport's public shareholders to grant a €1.1 billion shareholder loan and a shareholder guarantee covering additional debt financing of up to €1.1 billion to the developer and future operator of the airport, FBB. The Commission carried out a detailed economic analysis, assessing FBB's long-term business plans and market forecasts and concluded that a private investor seeking long-term profitability would have been ready to provide the same funding package on similar terms, to finally ensure that the airport is completed and made operational. A full press release is available in EN, FR, and DE. (For more information: Ricardo Cardoso - Tel.: +32 229 80100; Giulia Komel - Tel.: +32 229 61175)

Source: European Commission