BRUSSELS, May 28 (Reuters) - EU competition regulators
on Tuesday approved a 1.4-billion-euro ($1.52 billion) joint
hydrogen project funded by seven EU countries and a separate
1-billion-euro ($1.1 billion) joint healthcare project funded by
a group of six EU countries.
Estonia, France, Germany, Italy, Netherlands, Slovakia and
Spain will provide up to 1.4 billion euros in public funding,
for the hydrogen project which is expected to unlock an
additional 3.3 billion euros in private investments, the
European Commission said in a statement.
It said 11 companies, including Airbus, BMW
and Michelin, will take part in 13 projects.
The healthcare project will be funded by Belgium, France,
Hungary, Italy, Slovakia and Spain to support research and
innovation and is expected to unlock an additional 5.9 billion
euros in private investments, the Commission said.
Sanofi, Euroapi and 11 other companies
will participate in 14 healthcare schemes.
Both schemes are so-called Important Project of Common
European Interest (IPCEI) which allows EU governments to fund
them under looser EU state aid rules.
($1 = 0.9193 euros)