DirectRoute lost €8.4m in toll revenue from Cork and Limerick motorways last year as travel restrictions hit traffic. Taxpayers have covered more than half of it for the benefit of its overseas investors.
The N25 motorway toll features a spectacular toll bridge over the River Suir in Waterford. Loss-making and underperforming from the start, it is now being acquired by two of its secured lenders. So, just what happened?
When it sold down its investment in Irish toll roads, Ferrovial was hit with an unexpected CGT bill. Five years on, the company has won a tax appeal with far-reaching implications for foreign direct investment.
As Irish motorists desert toll plazas under a new lockdown, analysis of traffic data for 2020 shows the sector’s revenue collapsed. An investigation of the past decade's figures across 10 tolled roads shows this is bad news for the state.
From taxing multinationals to strengthening business ties in the wake of Brexit and getting lost in the Irish legal system, France’s pointman in Ireland inaugurates our new series of interviews with ambassadors to Dublin: Diplomatically speaking.
Steve Preece manages road concessions across Ireland and the UK from Egis's Dublin office. Since he was first welcomed to Ireland by angry staff burning their uniforms, he has grown to lead one of the two companies investing in Irish transport from France's public purse.
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