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Commission approves restructuring aid for PKS Wadowice S. A.
Commission Européenne - IP/09/144 28/01/2009
Brussels, 28 January 2009
The European Commission authorised today a restructuring loan for the Polish passenger transport company PKS Wadowice S.A. The aid will mainly finance the partial replacement of the company's bus fleet and the repayment of its liabilities.
The Polish authorities have foreseen a budget of 1524500 PLN (392.154 EUR). 64% of the total restructuring costs will be covered by the beneficiary's own resources.
The Commission has found the scheme compatible with Article 87 (3) (c) of the EC Treaty.