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

  • April 20, 2012
    The case for tolling the Interstates
    Speaking at an event organised by the IBTTA last week to an audience of federal and state transportation officials, policy experts, financial analysts, and representatives from engineering firms, technology companies, and transportation facility operators, Ed Regan of Wilbur Smith Associates articulated a clear case for giving states flexibility to toll existing interstate highways.
    Read More
  • September 25, 2013
    Colombian government releases funds for road concessions
    The Colombian government is to release funds of US$12.27 billion from the national budget for the Autopistas de la Prosperidad road programme, involving nine road concessions. Concession holders will invest US$7.4 billion into these projects; since monies from tolls will be insufficient to complete all works, the government will inject further funds of US$23.2 billion over the next decade. Ministers have stressed the importance of this road infrastructure and the need to speed up the process. This news
    Read More
  • March 4, 2019
    Kerb your enthusiasm, warns Passport
    Dynamic kerbside management is crucial if urban authorities are to address increasingly chaotic situations caused by the gig economy and mobility innovation, says Adam Warnes at Passport Demand for the kerbside is growing and changing and it’s no surprise when you consider the recent innovations within the mobility industry. For starters, there are new modes of transport, including ride-shares, electric vehicles (EVs), dockless cycles, last-mile consolidations and autonomous vehicles (AVs). Secondly, the
    Read More
  • December 5, 2018
    IBTTA summit hits right notes in Salzburg
    In the birthplace of Mozart, Colin Sowman found that delegates at the IBTTA’s inaugural World Tolling Summit were playing a variety of interesting tunes The first World Tolling Summit took place in Salzburg, Austria this autumn. Created and organised by the International Bridge Tolling and Turnpike Association (IBTTA), the event was supported by its European counterpart Asecap and hosted by Austria’s tolling authority, Asfinag. The transfer of views, experience and practice both ways across the Atl
    Read More

Highlighted Content