Vendors plan to seek compensation from German govt over thwarted toll-report (updated)

Kapsch TrafficCom AG

21/06/2019 13:38

(Adds comment from CTS Eventim)
    BERLIN, June 21 (Reuters) - The companies that were set to
operate the German motorway vignette scheme scuppered by a
European Court ruling earlier this week plan to demand 300
million euros ($339.21 million) compensation from Berlin, Der
Spiegel reported on Friday.
    The magazine said that the vendor companies had expected to
make some 2 billion euros in profit from the scheme, which the
EU's highest court ruled discriminatory against drivers from
neigbouring countries.  urn:newsml:reuters.com:*:nL8N23P1KJ
    The German Transport Ministry was attempting to reduce the
size of the claims the government faced, Der Spiegel added.
    A CTS Eventim spokesman said the company was bound to
secrecy regarding the content of the contract, including
statements on protective provisions designed to present
financial loss.
    The Transport Ministry said on Wednesday it had cancelled
its contracts with the companies on Tuesday evening. Asked about
the possible costs for German taxpayers, the ministry said a
task force was looking into the matter.  urn:newsml:reuters.com:*:nS8N23I06A
    
 
($1 = 0.8844 euros)

 (Reporting by Riham Alkousaa
Writing by Thomas Escritt
Editing by Michelle Martin)
 ((Thomas.Escritt@reuters.com; +49 (0)30 28885211; Reuters
Messaging: Thomas.Escritt.thomsonreuters.com@reuters.net;
Twitter: @tomescritt))