Bloomberg News

Spain to Prop Up Highways to Avoid Bankruptcies, Cinco Dias Says

February 28, 2012

Spain’s Development Ministry has responded favorably to banks’ request for aid to prevent highway operators going bankrupt, Cinco Dias reported without citing sources.

The government is considering a plan to compensate highway operators’ falling income as traffic is lower than forecast, Cinco Dias said. The aid would enable the companies repay banks around 3 billion euros ($4 billion) in loans, Cinco Dias said.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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