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Document E2003C0529(01)

    Authorisation of State aid pursuant to Article 61 of the EEA Agreement and Article 1(3) in Part I of Protocol 3 to the Surveillance and Court Agreement (EFTA Surveillance Authority decision not to raise objections)

    JO C 127, 29.5.2003, p. 34–34 (ES, DA, DE, EL, EN, FR, IT, NL, PT, FI, SV)

    E2003C0529(01)

    Authorisation of State aid pursuant to Article 61 of the EEA Agreement and Article 1(3) in Part I of Protocol 3 to the Surveillance and Court Agreement (EFTA Surveillance Authority decision not to raise objections)

    Official Journal C 127 , 29/05/2003 P. 0034 - 0034


    Authorisation of State aid pursuant to Article 61 of the EEA Agreement and Article 1(3) in Part I of Protocol 3 to the Surveillance and Court Agreement

    (EFTA Surveillance Authority decision not to raise objections)

    (2003/C 127/08)

    Date of adoption: 14 March 2003

    EFTA State: Iceland

    Aid No: SAM 030.020.10

    Title: Proposed financing and tax measures concerning the construction of an aluminium plant in the Township of Fjardðabyggð, Iceland

    Objective: To facilitate the development of the economic activities in the Central East Region of Iceland

    Legal basis: Act on Authorisation to engage in Negotiations on an Aluminium Plant in the Reyðarfjörður, as passed by the Allþingi in March 2003, and the Investment Agreement between the Government of Iceland and Alcoa Inc., USA

    Amount of aid: Maximum EUR 49,9 million

    Duration: Over the effective contract period according to Article 20 of the Investment Agreement

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