Cartagena – Vera toll road enters bankruptcy proceedings

The Cartagena – Vera toll road has filed a petition for bankruptcy protection in the Madrid courts, as it cannot meet debt repayments on the 550 million euro debt the holding company owes. According to the company, non payments of maintainence by the Junta and Murcia, and very low (I would say almost non-existent) traffic levels means that it hasn’t been able to keep up with the payments since September 2011. Aucosta, the company that Continue reading Cartagena – Vera toll road enters bankruptcy proceedings