Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain returns to 120 kmh max speed limit

Fri 24th Jun 2011

Earlier today Ministers made the decision to return to the 120 kmh maximum speed limit on Spanish roads. The 100 kmh speed limit which was imposed on 7th March will expire on July 1st.

The Deputy PM, Alfredo Pérez Rubalcaba, announced that cabinet had made the decision as continuing with it 'no longer made sense'.

The idea behind imposing the measure was that it would result in energy saving at a time when the political unrest in North Africa had seen an increase in crude oil prices to as much as 116 dollars a barrel. Prices have fallen in recent weeks closer to the 100 dollar per barrel rate.

Although the measure originally attracted criticism, largely due an estimated €600'000 cost in changing road signs on the motorway network, he confirmed that the measure had been a success and resulted in savings of 450 million. However, the cabinet seem a little confused over the actual saving made, as Industry Minister Miguel Sebastián, gave the figure as 'around €200 million'.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs