APRR and AREA update
09 Nov 2018
Atlas Arteria (ALX) notes that, following the announcement by ALX on 23 October 2018, APRR and AREA have now received approval from the French State formalising a capital investment plan by way of amendments to their respective concession contracts.
As previously disclosed, the capital investment plan has a total value of €187 million, to be partly financed by local authorities. The plan consists of 12 projects including new or improved motorway exchanges, environmental protection developments, as well as customer service improvements.
The additional investments will be compensated via supplemental toll increases of 0.198% per annum at APRR and 0.389% per annum at AREA over 2019-2021.