Monday 1 November 2010

Femern Link loses DKr 550 million support

A European Union Commission has cut DKr 550 million from support allotted to the preliminary design stage of the link across the Femern Belt between Denmark and Germany because they are of the opinion that preparation works of the link are delayed.

The news was announced when the Commission published its interim report on the allocation of the DKr 60 billion DKr TEN-T funds are to allotted from 2007 to 2013. Denmark had been promised approx DKr 2.5 billion towards the preliminary investigations of the project, of which EU covers 50%, but part of the work connected with the preliminary investigations has moved to the construction phase. EU support can only be granted for work already carried out in the period.

It is possible that Denmark can reapply for the grant in the next period starting in 2014. The CEO for Femern A/S, Leo Larsen, is already negotiating with the EU commission about this. 

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