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Spain to Prop Up Highways to Avoid Bankruptcies, Cinco Dias Says

Feb. 28 (Bloomberg) -- Spain’s Development Ministry has responded favorably to banks’ request for aid to prevent highway operators going bankrupt, Cinco Dias reported without citing sources.

The government is considering a plan to compensate highway operators’ falling income as traffic is lower than forecast, Cinco Dias said. The aid would enable the companies repay banks around 3 billion euros ($4 billion) in loans, Cinco Dias said.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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