Germany cancels road toll contracts with companies after EU court ruling

  • 📰 Reuters
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Germany has canceled its contracts with the companies charged with setting up a ...

Cars and trucks drive along a motorway near Roth, Germany, August 9, 2018. REUTERS/Andreas Gebert

BERLIN - Germany has canceled its contracts with the companies charged with setting up a highway toll system for cars, a Transport Ministry spokesman said on Wednesday after the EU’s highest court ruled that the plan breached European Union law. German ticket operator CTS Eventim and Austrian road systems specialist Kapsch TrafficCom were awarded a 2-billion-euro contract in December to operate the toll.

Asked about possible damage for German taxpayers linked to the canceled contracts, the Transport Ministry spokesman said he had no immediate comment.A CTS Eventim spokesman declined to comment on the cancellation of the contract but said the company stood by its statement on Tuesday that the contracts contained protective provisions that guard against damages for the operating company and its shareholders.

“These also apply in case the infrastructure charge should not be introduced,” CTS Eventim had said on Tuesday.Reporting by Michael Nienaber, editing by Riham Alkousaa and Michelle Martin

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Germany cancels road tolls.🇺🇸💋😮😳😖

Yet more EU meddling.

who's going to prison for running this decade long disaster?

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU issues 'green' investment guide to help combat climate changeThe European Commission sought to boost the flow of private money to tackle clim...
Source: Reuters - 🏆 2. / 97 Read more »