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French highways are operated by Cofiroute, and has been some time. My French isn't good enough to divine the precise ownership details, but here is their US subsidiary - definitely private sector.

The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman
by dvx (dvx.clt št gmail dotcom) on Wed Jan 18th, 2006 at 03:59:40 PM EST
[ Parent ]
Not changing your main point, I note that state companies can have 'private' subsidiaries in other countries, too. For example, SNCF had its hands in German private railways (tough this example is now history IIRC).

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Wed Jan 18th, 2006 at 04:06:59 PM EST
[ Parent ]
French highways are operated by half a dozen companies, all but one which were public until recently (Cofiroute was the only private one) - and all were financed using a very specific mechanism with a centralised fund.

Two things changed in recent years:

  • EU rules forced new highways to be funded on a stand alone basis (in the past, the traditional method was to finance new - lower profitability, because of the lower traffic - highways by extending concessions on older - more profitable - highways. This unduly faviored the existing operators;

  • several of the existing operators have now been partly privatised. They are still heavily regulated by the State (and parties to these long term financing arrangements), but no longer publicly owned.

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Thu Jan 19th, 2006 at 04:39:48 AM EST
[ Parent ]


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