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

  • November 2, 2017
    RAC: over half of drivers believe congestion has worsened on UK major roads
    56% of 1,727 drivers questioned in an annual survey believe that congestion has worsened on UK major roads, which carries 65% of all traffic, despite them comprising only 13% of the country’s road network. The findings from the survey have been presented by the RAC’s Report on Motoring.
    Read More
  • April 25, 2012
    UK to tackle US$1.6 billion cost of motorway closures
    A UK government strategy to tackle congestion caused by motorway closures and drive down the £1 billion (US$1.6 billion) annual cost to the economy has been unveiled by Roads Minister Mike Penning, who also announced the launch of a £3 million ($4.87 million) fund for police forces to purchase laser scanning technology to speed up of the investigation process and incident clear up times.
    Read More
  • December 16, 2014
    Do satellites provide a heavenly view of tolling’s future?
    Satellite-based tolling opens up new options for authorities and can be integrated with DSRC systems as David Crawford discovers. As the proud custodian of the European Union (EU)’s longest road network covered by a single (truck) charging scheme – and the only one to include all major roads - Slovakia has become the continent’s poster-nation for the virtues of GNSS/CN (Global Navigation Satellite System/Cellular Network)-based tolling. It is also proved to be a very fast implementer. Speaking at the 2014 I
    Read More
  • November 28, 2013
    People to power reporting of weather-related road conditions
    Citizen reporting offers the potential of gathering timely information about road conditions without the need to invest heavily in equipment or to dispatch inordinate numbers of staff to visit and report from various locations. What could be better than an army of motorists and other road users sending in reports of conditions they encounter on their journeys? Back in 2003, Wyoming DOT set up a system of enhanced citizen-assisted reporting as a way of gathering weather-related information on road conditi
    Read More

Highlighted Content