On Friday 27 April, the European Commission approved an Italian plan to extend two motorway concessions and impose a cap on their tolls.
This decision follows an agreement in principle between Margrethe Vestager, the Commissioner for Competition, and Graziano Delrio, the Italian Minister for infrastructure and transport. It will allow some €8.5 billion of investments in the Italian motorways, but without bringing about significant competition distortions.
The plan takes the form of two...