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 8, 2023
    A more equitable approach to road charging: is the technology there yet?
    Thinking around road user charging, distance-based payments, and even mileage rationing is ever-widening with new concepts and suggestions being aired and brought forward every other week. Yet, as Jorgen Petersen of Systra explains, there are already many solutions in place throughout the world which promote modal shift, reduce traffic and improve air quality…
    Read More
  • December 18, 2013
    US toll roads stable for 2014, says Fitch
    Within a broader review of US transport infrastructure securities, including ports and airlines, Fitch Rating analysts say the recent slow growth in aggregate traffic is likely to continue but that many established toll roads look financially solid because of their pricing power - tolls that have been well below revenue maximising levels. Their pricing power has been somewhat reduced, Fitch says, by strong increases in toll rates on many toll roads, which mean they have less scope for big increases in to
    Read More
  • June 22, 2012
    Plan to create UK’s biggest pay-as-you-go EV charging network
    Elektromotive, a leading provider of electric vehicle (EV) charge points in Europe, is to create the UK’s largest pay-as-you-go, ‘open source’ network of public access charging stations for EVs, based upon the development of its proven pay-by-phone technology. The initiative comes as the result of a new joint venture with Charge your Car (North). The new company – Charge Your Car Limited – will expand the existing Charge your Car (North) network located predominantly across North east England, and incorpora
    Read More
  • September 6, 2017
    Rating agency Standard and Poor Tolling sees a bright future for tolling
    Few disruptions appear on the horizon for global toll road operators, with the US poised to become a better bet for major investment, according to ratings agency Standard and Poor’s (S&P’s) Global Ratings’ 2017 report, which rates toll road operators according to their ability to raise capital. The outlook is generally stable for business conditions and credit quality for toll roads worldwide. One positive exception is the US where the overall outlook is ‘positive’ as S&P expects traffic growth to increase
    Read More

Highlighted Content