Italian toll road tariffs to rise 3.9 percent on January 1
MILAN (Reuters) - Italian motorway tariffs will rise by an average of about 3.9 percent on January 1, Italy's Infrastructure and Transport Ministry said on Tuesday.
The average 3.9 percent rise is less than the average 4.8 percent increase requested by the industry, the ministry said in a statement.
It said tariffs on toll roads operated by Autostrade per l'Italia, the fully owned toll road concession subsidiary of Atlantia , would rise by 4.43 percent.
Certain companies were granted higher tariff rises because of investments recognised as important for the development of the country, the ministry said.
In a separate statement, Autostrade per l'Italia said it had invested about 1 billion euros to upgrade its network in the period from October 1, 2011 to September 30, 2012.
The investments are part of a pledge regarding its concession to invest about 9 billion euros, the company added.
(Reporting by Stephen Jewkes; Editing by Richard Chang)
