Spanish toll road worries

Financial issues are now impacting heavily on Spain's Radial 4 (R-4) highway. The companies involved, Autopista Madrid Sur Concesionaria Espanola and Inversiones de Autopistas del Sur, are facing high levels of corporate debt. However traffic volumes have been lower than expected, while the cost of the project has been high.
November 28, 2012 Read time: 1 min
Financial issues are now impacting heavily on Spain's Radial 4 (R-4) highway. The companies involved, Autopista Madrid Sur Concesionaria Espanola and Inversiones de Autopistas del Sur, are facing high levels of corporate debt. However traffic volumes have been lower than expected, while the cost of the project has been high.

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Are road tolls the economic answer?

Tolling has been widely promoted as the answer to future road needs by many economists. The fundamental principle of a toll road is comparatively easy to understand: a driver wants to get from here to there and pays a small sum for the privilege. Drivers generally prefer to access roads without having to pay but the sums involved in toll roads tend to be comparatively low. For all but the most parsimonious, parting with a few coins to use a stretch of highway in good order is comparatively painless, made ev
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