BRUSSELS (AFX) - The European Commission said it has cleared 26.5 mln eur in aid from the French government for metro train technology research and development project NeoVal.
The aid programme brings together Siemens AG unit Siemens Transportation Systems SAS and LOHR Industrie, a French company that specialises in designing and developing freight and passenger transport systems.
The total cost of the programme is put at 60.7 mln eur over six years. simon.zekaria@thomson.com sz/ms1 COPYRIGHT Copyright AFX News Limited 2006. All rights reserved. The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News. AFX News and AFX Financial News Logo are registered trademarks of AFX News Limited