Toll road to be repossessed by Spanish government with zero compensation

THE Minister of Transportation, Mobility and Urban Agenda José Luis Ábalos has announced his intention of removing the first of the toll roads from private hands.

This is the M-12 which connects Madrid centre with terminal 4 at Barajas airport and although there is in theory a financial obligation (RPA) of €54.37 million, the minister has confirmed that he intends to make no payment.

He believes that there is an outstanding sum of €194.72 million to be accounted for which negates any need to pay the RPA.

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John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page