January 17, 2020 / 5:38 PM / a month ago

Italy's Atlantia ready to discuss motorway contract changes-sources

ROME, Jan 17 (Reuters) - Atlantia has indicated to the Italian government it is prepared to discuss changes to the motorway contract held by its Autostrade per l’Italia unit to end a standoff over its tollway concession, two sources close to the matter said on Friday.

The Italian infrastructure group is locked in a bitter dispute with the governing coalition over the lucrative concession following the collapse of a motorway bridge in Genoa that killed 43 people in 2018.

One person, with knowledge of the matter, said Atlantia was ready to discuss redrafting two key articles that deal with compensation in cases where a contract was revoked or changed before reaching its term.

A second source said that Atlantia had told the government it was prepared to discuss changes to the contract but was concerned that any changes should be sustainable for the group.

Atlantia, which relies on Autostrade for a third of its core earnings, declined to comment on the issue.

Reporting by Giuseppe Fonte, Stephen Jewkes and Francesca Landini; editing by James Mackenzie

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