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CTS Eventim

German Government Cancels CTS Eventim’s Toll Contracts

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BERLIN (CelebrityAccess) — Germany’s Ministry of Transportation & Digital Infrastructure announced that it has canceled its contract German entertainment giant CTS Eventim to collect tolls on the nation’s highways.

The cancellation comes after the EU’s highest court ruled that Germany’s proposed tolls would have constituted a violation of European Union laws.

A spokesman for Germany’s Ministry of Transportation declined to comment on potential damages to German taxpayers affected by the canceled contracts, Reuters reported.

CTS Eventim and Austrian transportation company Kapsch TrafficCom announced a joint partnership last to operate the tolls and were awarded a $2.24 billion contract to do so by Germany in December.

In a separate statement following the contract cancellation, CTS Eventim said: CTS Eventim AG & Co. KGaA has taken note of the Federal Ministry of Transport and Digital Infrastructure’s unilateral termination of the contract (with effect from 30 September 2019) with the operating company to levy the infrastructure charge. Together with our joint venture partner Kapsch TrafficCom AG, we are now reviewing the reasons for the termination, and its implications. The contracts concluded with the Federal Government contain protective provisions intended to prevent pecuniary damages for the operating company and its shareholders. This also applies in the event that the infrastructure charge is not introduced.

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