178In this regard, it should be recalled that, for the purposes of applying the private investor test, the evidence required from the public investor concerned of an economic evaluation conducted prior to the decision to make an investment must be assessed by making a comparison with the economic evaluations which a rational private investor in a similar situation would have had carried out before proceeding with the investment, having regard to the available information and foreseeable developments. The content and the degree of accuracy of such assessments may therefore depend in particular on the circumstances of the case, the market situation and the economic climate (see paragraph 98 above).
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