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France to privatize highways

July 18, 2005 at 2:27 PM   |   Comments

PARIS, July 18 (UPI) -- The French government Monday launched a highway-privatization initiative to bring millions of euros into the state's coffers.

The Economy and Transportation Ministries floated a call for bids to acquire three public highway firms, Les Echos newspaper reported.

The privatization would help pay for needed infrastructure investments, junior Minister Christian Estrosi told France 2 TV.

Earlier this summer, the Paris government launched the privatization of the state-owned utility company Gaz de France. The sister electricity company, EDF, is expected to be partially privatized later this year.

© 2005 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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