Eiffage and Vinci fall after French plans to sharply raise motorway tax
French motorway operators Eiffage and Vinci dropped at the open after the government announced plans to sharply increase a tax on long-distance transport infrastructure operators as part of the 2027 budget.
9% respectively at the open after France said it plans to sharply raise a tax on long-distance transport infrastructure operators in the 2027 budget. The levy, known as TEITLD, was introduced in 2024 and applies to profits at companies running motorway concessions and airport operators. The government wants to make the tax progressive, and Les Echos reported it could more than double for motorway and major airport operators. The transport ministry announced the plan on Monday as part of a wider budget effort that the government said needs a shared effort across all sectors.