toll road bankruptcy


Abertis mirrors Spanish economy’s take-off

BARCELONA| By Julia Pastor| In present Spain’s context of timid recovery, any positive sign in any sector is more than welcome. Abertis, the world’s largest toll road operator running more than 7,300 km, announced the country’s 2014 road traffic figures increased for the first time since 2008. The firm also forecasts a global spending of more than €1.3 bn in the current year. Yet Abertis partly reflects the Spain of  bankrupcies and bail-outs. The company is major stakeholder of some recently collapsed motorways expected to be saved by the authorities.