Germany sets November 10 deadline for highway toll contract
BERLIN (Reuters) - Germany has set a Nov. 10 deadline for Toll Collect, a joint venture of Daimler and Deutsche Telekom, to bid for a contract to extend a truck toll to all federal roads, the transport ministry said on Saturday.
Germany earns more than 4 billion euros (3 billion pounds) a year from the toll, which is currently levied on heavy trucks travelling on motorways and some four-lane national highways.
It plans to expand the toll to all 40,000 km (25,000 miles) of its national highways in mid-2018 to generate an additional 2 billion euros a year.
Toll Collect is 45 percent-owned by Daimler , 45 percent by Deutsche Telekom and 10 percent by Vinci unit Cofiroute [SGEFC.UL].
The ministry statement confirmed an earlier report by weekly magazine Focus.
(Reporting by Gernot Heller; Additional reporting by Maria Sheahan)
