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Germany Plans to Nationalize Toll Collect Operations: Focus 2014-05-24 12:50:37.241 GMT
By Cornelius Rahn May 24 (Bloomberg) -- German Transport Minister Alexander Dobrindt wants govt to take over truck-toll venture to ensure income beyond 2018, Focus magazine reports, citing internal report to transport committee of German parliament. * Toll Collect system needs to be revised for extension to all 30,000 km of federal roads * Ministry calculations show tender to find new operators, setting up new system would take 6 yrs * Extending existing contract by 3 yrs not feasible * Germany has option to nationalize Toll Collect by Feb. 28, 2015 * Deutsche Telekom spokeswoman declined immediately to comment. Representatives for Daimler didn’t immediately return calls seeking comment. * NOTE: Toll Collect venture includes Daimler, Deutsche Telekom as partners, runs commercial-vehicle tolls on country’s Autobahn limited-access highways
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To contact the reporter on this story: Cornelius Rahn in Berlin at +49-30-70010-6212 or crahn2@bloomberg.net To contact the editor responsible for this story: Kenneth Wong at +49-30-70010-6215 or kwong11@bloomberg.net