Spain Plans To Auction Bankrupt Toll Roads

Spain’s economic recovery has fueled a 10.5% average traffic jump on Spain’s bankrupt toll roads after almost a decade of falling revenues. The surge has prompted the Spanish government to draw up fresh plans for the sale of the tollroads, by auction, to private investors.

State agency, Sociedad Estatal de Infraestructuras Terrestres (Seittsa) will manage the sale of the tollroads under 25-year concessions. The auctions are likely to begin by the end of 2018. At current projections, Seittsa estimates toll collections on its portfolio of projects will grow by Euro 34 million (US$40 million) in the next 12 months.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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