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| Cintra's revenues rose by 3.1% Spanish toll road firm Cintra said its revenues amounted to 735.9 million euro in 2008, up 3.1% with respect to 2007. Excluding the currency effect, growth would have been 7.3%. EBITDA totalled 522.3 million euro (-1.4%). The change in EBITDA is primarily attributable to the 11.1 million euro increase in provisions at 407 ETR and to the release of the provision for municipal property tax at Ausol. Toll road revenue increased 3.1% to 735.9 million euro. This growth is primarily the result of the combined effect of increased tolls at 407 ETR, Chicago Skyway and Indiana Toll Road, and the incorporation of the Ionian Roads in Greece, which offset negative performance of traffic on some toll roads as a result of the economic slowdown in various countries. write your comments about the article :: © 2009 Construction News :: home page |