Tollroad group Atlas Arteria’s lucrative French motorway could be hit with a new annual tax of almost $200 million after the French government released its 2024 budget.
Toll road group Atlas Arteria’s lucrative French motorway could be hit with a new annual tax of almost $200 million after the French government released its 2024 budget.
French toll road Autoroutes Paris-Rhin-Rhone is Atlas Arteria’s most profitable toll road asset, contributing $557 million of earnings in the six months to June.A draft finance bill has proposed taxing 4.6 per cent of the revenues of big companies with annual revenues of more than €120 million starting in 2024.
APRR is Atlas Arteria’s most profitable toll road asset, contributing $557 million of earnings in the six months to June, about 80 per cent of its group toll road income.While Atlas Arteria and analysts had been expecting some kind of tax, the French government had not specified details until Wednesday.
“The APRR group has retained legal counsel and is considering its options,” Atlas Arteria said on Thursday.
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