C 88 E/578 Official Journal of the European Union EN 8.4.2004
WRITTEN QUESTIONS WITH ANSWER (Part 3)
(2004/C 88 E/0590) WRITTEN QUESTION E-3077/01 by Luis Berenguer Fuster (PSE) to the Commission
(9 November 2001)
Subject: The case concerning State aid for the ‘Terra Mítica’ theme park (Alicante)
The Parque Temático de Alicante SA (SPTA), a public company owned by the Valencian regional government, has signed a number of agreements with two subsidiaries of the US multi-national Viacom, called Paramount Parks and Paramount Pictures. Under the agreement signed with the first of these companies, Paramount Parks undertakes to run the ‘Terra Mítica’ theme park for four years. At the same time, Paramount Pictures signed a contract for collaboration on the ‘Ciudad de la Luz’ theme park in Alicante. The Valencian regional government has granted a bank guarantee of up to USD 6 million to the SPTA for this contract.
Despite the pretence that the State guarantee is not for ‘Terra Mitica’, there is the following evidence that it is: