Dario Maglioni

“The first one on the U.S.-Texas managed lanes, which posted quite an impressive revenue growth in Q2, almost 20% for all the three assets, and that was despite bad weather.”

“The second question is on the NTO, the construction. You mentioned that the operational readiness trials have started. This sounds like a positive message, so I'm just wondering whether you now feel more confident that the timeline for opening this terminal will be the fall of 2026.”

“If I understood correctly, you mentioned that you didn't see much of an impact of higher fuel prices on the U.S. express lanes. Can you maybe comment on the 407 ETR, given the 1% traffic growth in March.”

“So first of all, I'm happy to see this crystallization of value. You mentioned about the accounting of the foreign convertible bond. So that's the value. The fair value of the derivatives is around 570 million.”