OpenLegislation

Article 3

United Kingdom

Original text. Later amendments are not shown.

1.

The aid granted by Italy to Caremar as of 1 January 1992 as compensation for providing a public service is compatible with the common market having regard to Article 86(2) of the Treaty.

2.

Italy shall give an undertaking that, by no later than 1 September 2004, it will:

(a)

abolish the aid granted to Caremar for the provision of scheduled high-speed passenger transport services on the Naples/Capri route;

(b)

reduce, in terms of places on offer, the capacity of the scheduled high-speed passenger transport services on the Naples/Procida/Ischia route from 1 142 260 to 633 200 places during the winter period and from 683 200 to 520 400 places during the summer period;

(c)

limit the aid granted to Caremar for the provision of scheduled high-speed passenger transport services on the Naples/Procida/Ischia route to covering the net operating loss on the services;

(d)

have separate accounts kept for all the public service activities imposed by Italy on Caremar on each of the routes concerned.