The state aid which Spain has planned to implement for Ford España SA for the project relating to the production of the new I4 engine is compatible with the common market within the meaning of Article 87(3)(a) of the Treaty, up to a maximum intensity of 5,11 % gross grant equivalent of the eligible investment, which is EUR 217439000, discounted at a rate of 5,7 % (base year 2000).
Implementation of the aid, amounting to no more than EUR 11111146, discounted at the rate of 5,7 % (base year 2000), is accordingly authorised.
Any state aid in addition to the aid referred to in Article 1 that Spain plans to grant to Ford for the project relating to the production of the new I4 engine shall be incompatible with the common market.
Spain shall inform the Commission, within two months of the date of notification of this decision, of the measures it has taken to comply with it.
This Decision is addressed to the Kingdom of Spain.
Done at Brussels, 7 May 2002.
For the Commission
Mario Monti
Member of the Commission
(1) OJ C 219, 4.8.2001, p. 14.
(2) See footnote 1.
(3) BOE No 21, 24.1.1997, p. 2405.
(4) Case N 463/94, approved by the Commission by letter dated 7 September 1995. OJ C 25, 31.1.1996, p. 14.
(5) BOE No 171, 19.7.1989, p. 22874.
(6) BOE No 3, 3.1.1986, p. 790.
(7) BOE No 299, 15.12.1987, p. 36729.
(8) OJ C 279, 15.9.1997, p. 1. Its validity was extended in OJ C 368, 22.12.2001, p. 10.
(9) Business secret.
(10) See recital 11.
(11) Source: Eurostat.
