German highway bill payments are being delayed

Germany’s state highway company is delaying bill payments.
Finance & Funding / April 26, 2021 35 seconds Read
By MJ Woof
Germany’s highways firm is being criticised for late payments – image courtesy of © Peter Hermes Furian, Dreamstime.com
Germany has now established a state-owned company to manage its Autobahn network. However, there have been delays with regard to the payment of bills by the firm, known as Autobahn.

Construction firms have complained about the issue as they are still waiting for some payments for work that has been carried out. One contractor, Kröger, has now stopped any planned work for Bremen State as it is still waiting to be paid.

Reports as to the value of outstanding payments vary from €600 million up to €1.2 billion.
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