2004/244/EC: Commission Decision of 11 June 2003 on the… Article 1

Article 1

The regional investment aid which Spain has planned to implement for Volkswagen Navarra SA for the amount of EUR 19228000 gross grant equivalent in actualised values, base year 2001, discount rate 6,33 %, for the project relating to the production of the new VW Polo model in Arazuri is compatible with the common market within the meaning of Article 87 of the Treaty. This amount corresponds to an aid intensity of 6,42 % of the eligible investment of EUR 299335000 in actualised values.