France to privatize highways

July 18, 2005 at 2:27 PM

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.

Follow us on Facebook, Twitter, and Instagram for more news from UPI.com
Related UPI Stories
Trending Stories