UPDATE 1-Italy govt approves 1.52 pct Autostrade tariff hike

Newswire

(Adds details, background) ROME, Dec 27 (Reuters) - An Italian government committee on Friday approved a plan by the country's biggest toll-road operator Autostrade SpA to raise its tariffs 1.52 percent in 2003. Shares in Autostrade, which is also Europe's biggest private toll-road operator, have fallen over the past month partially on concerns that the government body might not approve the tariff hike, hurting revenues. Autostrade said the increase was needed to kick-start a long-term ...

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