Skip to main content

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.

Related Content

  • May 23, 2018
    Drivers urged: ‘Don’t put road workers lives at risk’
    A road junction in Merseyside, UK, has become a hotspot for life-threatening incidents to construction workers, says Highways England. Contractors have reported 23 incidents in two months where their safety has been put at risk by drivers ignoring overnight closures. Road users have driven into roadworks for the £3m improvement project at Switch Island, where the M57, M58 and three A roads all join. One lorry driver travelled through the construction area without stopping - forcing workers to get out
  • February 27, 2012
    Are road user charging systems too complicated?
    At any conference or exhibition, it tends to be the ad libs and asides, the departures from the scripted or official lines, which are the most telling. In mid-February, ITS-UK's Road User Charging Interest Group met in London. The event was no exception to that statement. Keith Mortimer, the Group's chairman, and his colleagues put together one of the better programmes on charging and tolling that I've seen in recent years. Sadly, however, the very positive presentations on deployments and technological pro
  • November 3, 2014
    German road toll to cost foreign drivers up to €130 a year
    The German government has introduced a controversial road toll which will force foreign car drivers to pay up to €130 (US$162) a year for using Germany's autobahn motorways.
  • January 3, 2017
    UK commuters spend up to six times as much of their salary on rail fares as other European passengers
    Rail commuters returning to work this week will face fresh fare increases, while spending up to six times as much of their salary on rail fares as European passengers on publicly owned railways, new research by the Action for Rail campaign has revealed. UK workers on average salaries will spend 14 per cent of their income on a monthly season ticket from Luton to London (£387), or 11 per cent from Liverpool to Manchester (£292). By contrast, similar commutes would cost passengers only two per cent of t