Dutch May Pay as Much as €3 Billion to Clean Up Tata Steel Plant
- Consultants say subsidy could reach €3 billion, ministry says
- IJmuiden plant is linked with health, environmental problems
This article is for subscribers only.
The Netherlands may contribute as much as €3 billion ($3.26 billion) for the green transformation of Tata Steel Ltd.’s IJmuiden factory, which has caused serious health and environmental problems in the surrounding area.
The Dutch parliament late Tuesday approved providing an unspecified amount of subsidies to the company to accelerate the renovation. External consultants estimate subsidies could reach €3 billion, according to a spokesperson for the Dutch Ministry of Economic Affairs and Climate.