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Madrid-Toledo toll road files for bankruptcy
16 May 2012
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[bes]
[madrid]
[isolux]
[azvi]
[comsa]
[sando]
The project company for the Eu585 million ($745.4 million) AP-41 Madrid-Toledo toll road has filed for bankruptcy protection at the Court of Justice in Albacete, Spain. This is a first time that the sponsors of a Spanish highway have requested voluntary bankruptcy and has sparked speculation that other toll motorways such as the M12 in Madrid might follow this example.
The sponsors of the 71km stretch of highway - Azvi, Banco Espiritu Santo, Comsa, Grupo Isolux Corsan and Sando –...
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