Italy moves closer to stripping Atlantia of road concession

Atlantia's motorway concession must be revoked: deputy minister

) lucrative concession to operate part of the country’s motorways, with a cabinet decision expected in coming days.

Adding to the group’s woes, parts of the roof to a highway tunnel managed by ASPI collapsed near Genoa this week. ASPI, one of the country’s 26 motorway operators, manages just over 3,000 kilometres of the country’s motorway network. A source close to the company last month said the loss of the concession without compensation could trigger a default on 16 billion euros of debt at the company and parent Atlantia.

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