Germany looking into costs after EU ruling against highway toll system

Kapsch TrafficCom AG

19/06/2019 11:30

BERLIN, June 19 (Reuters) - Germany is still looking into
the financial implications of a ruling of the EU's highest court
against a planned highway toll system for cars, the transport
ministry said on Wednesday.
    German ticket operator CTS Eventim  EVDG.DE  and Austrian
road systems specialist Kapsch TrafficCom  KTCG.VI  were awarded
a 2-billion-euro ($2.24 billion) contract in December to operate
the toll.  urn:newsml:reuters.com:*:nL8N23P1KJ
    The transport ministry said it had cancelled its contracts
with the companies on Tuesday evening. Asked about the possible
costs for German taxpayers, the ministry said that a task force
was looking into the matter. "Further results will be available
next week," it added.
    

 (Reporting by Michael Nienaber
Editing by Thomas Seythal)
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