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France will have to compensate Atlantia-led group if ecotax scrapped: sources

23
Jun
2014

The French government will have to pay 850 million euros ($1.2 billion) as a compensation to the Ecomouv consortium, led by Italy’s Atlantia, if it decides to definitively scrap a road toll know as ecotax, a source close to the matter said. France had awarded to Ecomouv a contract to build a system to collect the new toll but it later decided not to introduce it, as originally agreed, in 2014. The compensation is envisaged by a deal between Ecomouv and Paris announced earlier on Monday to solve a dispute over the temporary cancellation of ecotax. Atlantia owns 70 percent of Ecomouv.

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