Atlantia closes on €2.8bn French toll contract

Five banks are backing the Italian developer to help finance a satellite-based tolling system for heavy vehicles across France. Atlantia suffered a convoluted procurement process for the contract, at one point seeing the tender annulled by a French court.

Atlantia, Italy’s premier toll road operator, has reached financial close on a contract for the development of a satellite-based tolling system for heavy vehicles in France, the developer announced last Friday.

Banca IMI, Deutsche Bank, Mediobanca, Unicredit and Credit Agricole Corporate Investment Bank are backing Atlantia with an undisclosed amount of debt.

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