Australian investment firm buys UK’s M6 toll road

Australian investment firm IFM, which co-owns Manchester Airport and Anglian Water, has bought the UK’s M6 toll road, reports the BBC.
June 16, 2017 Read time: 1 min

Australian investment firm IFM, which co-owns Manchester Airport and Anglian Water, has bought the UK’s M6 toll road, reports the BBC.

The 27-mile motorway opened in December 2003 to ease congestion on the M6 and roads around north Birmingham, but has always lost money, with drivers saying it is too expensive to use regularly.

It was originally owned by Australian bank Macquarie before it was bought by a group of 27 banks in December 2013. It was put up for sale for nearly £2 billion last year.

Sources at IFM are said to have confirmed the sale but the investment group is yet to make any public comment.

Charging, Tolling & RUC

Related Content

  • September 6, 2018
    UK fleet operators commit to taking diesel vans off roads
    In the UK, 16 public and private sector fleet operators are to invest £40m in a bid to deploy 2,400 electric vans by 2020. The operators – which include Tesco - point to a recent study, in which the health damage caused by pollution from diesel vans has been put at £2.2bn per annum to the UK National Health Service and to society. The newly-formed consortium – called the Clean Van Commitment – is backed by the Department for Transport and led by charity Global Action Plan and energy and services group Engi
    Read More
  • July 8, 2019
    London needs just one road user charge, says report
    London’s patchwork of road charging schemes should be replaced by a single, distance-based user charge, according to new research. Apart from anything else, it would be much fairer… The UK capital’s multiple road charging schemes require a radical overhaul, according to a new report by the Centre for London thinktank. The suggested solution is to replace existing levies on drivers with a single, distance-based user charge which would more fairly reflect how much, and at what time, people are using London
    Read More
  • January 23, 2012
    Hard shoulder running aids uniform traffic flow and safer driving
    David Crawford detects a market for European experience. Well-established now in at least three European countries, Hard Shoulder Running (HSR) on motorways is exciting growing interest in the US. A November 2010 Report to Congress by the Federal Highway Administration (FHWA), on the Efficient Use of Highway Capacity, notes the role of HSR in the European-style Active Traffic Management (ATM) strategies now being recommended for implementation in the US where, until recently, they were virtually unknown.
    Read More
  • April 29, 2015
    Foundation funds research for informed campaigning
    ITS International talks to Professor Stephen Glaister, director of the transport research and lobbying organisation, the RAC Foundation. It is through the eyes of an economist that Professor Stephen Glaister, emeritus professor of transport and infrastructure at Imperial College London and director of the RAC Foundation, views current and future transport problems. Having spent 30 years at the London School of Economics and another 10 at Imperial, the move to the RAC Foundation was a radical departure from
    Read More

Highlighted Content