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

  • June 11, 2014
    Australian tolling industry debates tag replacement
    Australia’s 2014 National Electronic Tolling Conference (NeTC) inspired lively debate among the 130 delegates about tackling the need to replace seven-plus million tolling tags that are reaching the end of their life. In his opening address, Australian Toll Road Users’ Group Chair Rex Wright said the industry was potentially facing a US$94 million bill over the next five years to replace old tags. As Australian tolling authorities operate a harmonious national tag system, all toll operators are committed
    Read More
  • October 16, 2019
    Three east African countries to introduce road tolling
    Uganda is to introduce a road toll on the Entebbe Expressway in January 2020.
    Read More
  • July 10, 2012
    New report reveals growth in UK’s logistics ‘Golden Triangle’
    A new report published today reveals growth in the UK’s logistics ‘Golden Triangle’ in Northamptonshire and outlines plans for continued development of the area which is one of the UK’s leading logistics and transport hubs. The report, which included interviews with 200 UK logistics and transport businesses, was commissioned by Northamptonshire Enterprise Partnership (NEP) to capture the current scale of the sector in the area, often referred to as the UK logistic industry’s ‘Golden Triangle’ due to the M1,
    Read More
  • February 2, 2012
    Financing the US road infrastructure – road user charging?
    In the US, the National Transportation Infrastructure Financing Commission's report to Congress will state that a national, distance-based charging is the only long-term solution to the country's infrastructure financing problems. The Commission's Chair, Rob Atkinson, talks to ITS International
    Read More

Highlighted Content