Spain’s Toll Road Bailout Threatened

The European Union’s top competition director, Joaquin Almunia, has asked Spain to confirm that a proposed new state tollroad agency will not break EU rules for state controlled enterprises. A punishing EU benchmark for quasi-autonomous state companies that do not meet certain revenue and earnings standards adds their debt to the national deficit, which would push Spain’s budget into undesirable territory.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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