A PYMNTS Company

EU Commission OKs €1.5B Dutch Scheme For Transport Companies For COVID-19 Damages

By  |  November 4, 2020

The European Commission has approved, under EU State aid rules, a Dutch scheme of around €1.5 billion to compensate companies providing regional and long-distance public passenger transport services in the Netherlands for the damage suffered due to the coronavirus outbreak and the emergency containment measures introduced in the Netherlands to limit the spread of the virus.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Executive Vice-President Margrethe Vestager, in charge of competition policy, said “Continuing to provide transport services to citizens is essential during the coronavirus outbreak. This €1.5 billion scheme enables the Netherlands to compensate regional and long-distance public transport providers for the damage suffered due to the emergency measures put in place to limit the spread of the virus. We continue working with all Member States to ensure that national support measures can be put in place as quickly and effectively as possible, in line with EU rules. ”

    The Dutch government has put in place emergency measures necessary to limit the spread of the coronavirus such as the closure of schools and childcare centres, the closing of various economic activities such as cafes and restaurants, extended home office arrangements, social distancing rules and restrictions on gatherings and events.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.