Dundalk toll road operator sues over alleged outstanding debt of €1.57m
North Link M1 Ltd claims it expects to receive €433,545 in payments from Celtic Roads Group (Dundalk) Ltd to cover payments due to it over the period April to the end of Oct 2012 when, it alleges, the correct sum owed is some €1.57m.
In proceedings transferred to the Commercial Court yesterday by Mr Justice Peter Kelly, North Link claims the defendant has failed to adhere to the terms of a 2004 operation and maintenance agreement, under which North Link agreed to operate and maintain the bypass toll road in return for payments by Celtic Roads.
