Legal provisions of COM(1995)199-4 - Amendment of Regulation (EEC) No 1107/70 on the granting of aids for transport by rail, road and inland waterway - Main contents
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This page contains a limited version of this dossier in the EU Monitor.
| dossier | COM(1995)199-4 - Amendment of Regulation (EEC) No 1107/70 on the granting of aids for transport by rail, road and inland waterway. |
|---|---|
| document | COM(1995)199  |
| date | November 19, 1996 |
Sole Article
The following shall be added to point 1 of Article 3 of Regulation (EEC) No 1107/70:
'(f) up to 31 December 1999, where aid is granted on a temporary basis and is designed to facilitate the development of inland waterway transport, such aid having to be either:
- investments in the infrastructure of inland waterway terminals; or
- investments in the fixed and mobile equipment needed for loading and unloading.
The aid granted may not exceed 50 % of the total amount of investment.
The purpose of the aid shall be to develop new or additional transport tonnage on the inland waterway. The beneficiaries must comply with the detailed arrangements laid down by the Member State concerned and shall be responsible for the actual carrying out of the investment.
Every two years the Commission shall submit to the European Parliament and the Council a progress report on the implementation of the measures, stating in particular the purpose of the aid, the amount and its impact on inland waterway transport. The Member States shall provide the Commission with the information needed to draw up this report.
No later than 31 July 1999 the Council shall decide, on a proposal from the Commission and under the conditions set out in the Treaty, on subsequent arrangements or, where appropriate, on the conditions for terminating the arrangements.`
This Regulation shall be binding in its entirety and directly applicable in all Member States.