NTR has confirmed that it will receive an up-front payment of €488m after completing a deal with the State to buy out the West Link toll bridge.
Under the deal, the National Roads Authority will make inflation-linked payments of €50m a year to NTR from August 2008 to March 2020, a total of around €600m. NTR will continue to manage and operate the toll bridge until August next year.
But the company has also completed a deal with a financial institution under which it will take €488m up-front. NTR says it will continue to pay corporation tax on the NRA annual payments.
