Eiffage, Vinci fall as French government plans to raise motorway tax

** French motorway operators Eiffage FOUG.PA and Vinci SGEF.PA drop 3.7% and 2.9% respectively at open

** French government announces plans to sharply increase a tax on long-distance transport infrastructure operators as part of the 2027 budget

** The tax, known as TEITLD, was introduced in 2024 and targets the profits of companies managing motorway concessions and airport operators

** Government intends to make the tax progressive, with French business newspaper Les Echos reporting it could more than double for motorway and major airport operators

** The announcement, made by the transport ministry on Monday, is part of a broader budget effort the government has described as requiring "a shared effort" across all sectors