TOLL TAKEOVERS

Costa del Sol News - - FRONT PAGE -

Eight of Spain’s bank­rupt toll mo­tor­ways em­ploy­ing 700 peo­ple are to be taken over by the State in Jan­uary, fol­lowed by a ninth in April. They are presently owned by large con­struc­tion com­pa­nies and their af­fil­i­ates, and have ac­cu­mu­lated to­tal debts of around €3,800 mil­lion. The gov­ern­ment plans to in­vite ten­ders from pri­vate op­er­a­tors to take them over later next year.

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