- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
Spain is close to nationalising 9 or 10 toll road concessions, some of which are already in administration, to avoid them being completely liquidated, Expansion newspaper reported on Thursday, citing government sources.
5 concession groups, managing 6 motorways close to Madrid and in the south of Spain, are already in bankruptcy proceedings. That process normally protects companies from creditors and can allow them to renegotiate debt.
The government is planning to bail those out and could also rescue another 4 to 5 other toll road concessions that are struggling, Expansion said.
It said the nationalisations would be done in agreement with creditors and investors, which would likely have to take losses.
The Public Works Ministry was not available to comment.