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To: smolejv@gmx.net who wrote (46557)2/22/2004 12:12:33 PM
From: Haim R. Branisteanu  Respond to of 74559
 
Toll Collect Plans to Make New Offer, Welt am Sonntag Reports
Feb. 21 (Bloomberg) -- Toll Collect GmbH, DaimlerChrysler's and Telekom's joint venture with France-based toll operator Cofiroute SA, plans to make a new compensation offer to the government in a bid to resume talks on a truck-toll system, Die Welt am Sonntag reported, citing unidentified executives.

The companies plan to make an offer of 1.1 billion euros ($1.4 billion) annually for project delays, the newspaper reported in a release of an article to be published tomorrow. Transport Minister Manfred Stolpe on Tuesday ended a contract with Toll Collect after rejecting the companies' offer of 600 million euros a year for the delays.

The companies, which expect to win approval from the government, are continuing with technical developments for the system, the paper said. A delay ``could be fatal,'' the paper reported Hans-Burghardt Ziermann, head of Toll Collect, as saying.

The joint venture, which aimed to earn 700 million euros in fees annually from the satellite-based project, had promised to run a fully operational toll in two stages by 2006, 28 months late. Germany intended to boost revenue and win export sales with the satellite-based system.

(Welt am Sonntag, 2-22)