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Schwierigkeiten der Investitionsförderung – Der Fall CargoLifter AG

Listed author(s):
  • Mirko Titze

This paper shows how the state of Brandenburg has subsidized large investments. The Focus of this papers is the case of the CargoLifter AG. The government intended to prevent in the mid 90's the total break-down of the economy in the state of Brandenburg, which is particularly affected by structural changes. This kind of policy is highly controversial casing lengthy discussions. After raising approximately 220 millions of Euro in the capital market and receiving nearly 50 million Euros from the state of Brandenburg the CargoLifter AG run into financial difficulties. The Government subsidized the CargoLifter AG as part of the “Gemeinschaftsaufgabe zur Verbesserung der regionalen Wirtschaftsstruktur - (GA)“. There were arguments to subsidize the CargoLifter AG. This paper analyzes the project management of the company as well as the subsidization with the “Gemeinschaftsaufgabe zur Verbesserung der regionalen Wirtschaftsstruktur - (GA)“of the state of Brandenburg in terms of their contribution to the insolvency of the CargoLifter AG.

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Article provided by Halle Institute for Economic Research in its journal Wirtschaft im Wandel.

Volume (Year): 12 (2006)
Issue (Month): 12 ()
Pages: 359-364

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Handle: RePEc:iwh:iwhwiw:12-06-5
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