Atlas Arteria announced the approval of the Investment Plan by French State

Atlas Arteria Limited (ASX: ALX) announced that APRR and AREA had signed an agreement of €410 million through amendments to their respective concession contracts. Consistent with previous projects, the French Government will compensate APRR and AREA for the additional capital investment via several actions comprising toll increases.

The contract includes the following:

Capital investment with a total estimated value of €410 million). The investment plan includes customer service enhancements, environmental protection and safety advances, and motorway upgrades.

• Additional toll increases of 0.06% in 2023 and 0.315% annually from 2024 to 2026 at APRR.
• 2% rise in tolls on the Fleury A6 toll plaza in 2023.
• The company is increasing the class 4 heavy vehicle multiplier by 0.033x for APRR.

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