Brief: Consortium of Kapsch TrafficCom and CTS EVENTIM officially commissioned to collect German passenger vehicle toll

Kapsch TrafficCom AG

30/12/2018 17:37

Dec 30 (Reuters) - Kapsch Trafficcom  KTCG.VI :
    * GERMAN GOVERNMENT OFFICIALLY COMMISSIONED CONSORTIUM
CONSISTING
OF CO, CTS EVENTIM AG & CO KGAA WITH COLLECTION OF GERMAN
PASSENGER VEHICLE TOLL
    * OPERATING CO IS TO BE JOINT VENTURE IN WHICH EACH CO WILL
HOLD
EQUAL, 50-PERCENT STAKE, AND WHICH BOTH COS EXPECT TO
CONSOLIDATE AT EQUITY
    * CONTRACT BETWEEN FEDERAL REPUBLIC OF GERMANY & OPERATING
CO HAS
BASE TERM OF 12 YEARS STARTING WITH FIRST COLLECTION OF
INFRASTRUCTURE CHARGE
    * FOR OPERATING CO TOTAL CONTRACT VOLUME THROUGHOUT MINIMUM
TERM
OF CONTRACT AMOUNTS TO ALMOST EUR 2 BILLION (INCLUDING VAT)

Source text for Eikon:  urn:newsml:reuters.com:*:nEu72FHJ4
Further company coverage:  EVDG.DE   KTCG.VI 

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