Spanish govt mulls bailout of private toll roads
Is this what Spanish toll road operator in Texas, Cintra, expects will ultimately happen when its SH 130 and other overpriced toll roads go belly-up? Not as long as Texans draw breath...
Spain to rescue empty toll roads in deal avoiding deficit hit
By Sonya Dowsett and Jose Elías Rodríguez
November 28, 2013
Globalpost.com
MADRID (Reuters) - The Spanish government is nearing a deal with the country's main builders and banks to rescue up to nine bankrupt toll roads and take over debt worth up to 4 billion euros ($5.4 billion), four sources with knowledge of the talks said.
Motorists have preferred to use Spain's free national highways during the recession so traffic on the toll roads has fallen nearly 40 percent in the 5-year economic slump.
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