Italy postpones deadline for motorway operators business plans
26/03/2020 10:13
MILAN, March 26 (Reuters) - Italy has postponed to May 20 a
deadline for motorway operators to present new financial and
business plans which must comply with new terms for concessions
given the coronavirus emergency, the transport ministry said.
Further postponements of the deadline, which had been
originally set at the end of March, depend on how the health
crisis evolves, it added.
The postponement gives Autostrade per l'Italia, the motorway
unit of infrastructure group Atlantia ATL.MI that runs more
than half of Italy's highway network, more time to prepare a
multi-year plan with estimates of investments, costs and toll
revenue in an attempt to avoid the scrapping of its concession.
Autostrade has been locked in a dispute with Rome over its
motorway licence after 43 people were killed in 2018 by the
collapse of a bridge it operated.
(Reporting by Agnieszka Flak; editing by Valentina Za)
((agnieszka.flak@thomsonreuters.com; +39 02 6612 9450; Reuters
Messaging: agnieszka.flak.thomsonreuters.com@reuters.net))