Plans to sell M6 toll road fail

Plans to sell the UK’s M6 toll road have failed, according to a report by the Financial Times. The road’s banker owners announced plans to sell the road in February 2016 and are now said to be considering refinancing the business after struggling to secure a US$2.3 billion (£1.9 billion) sale price. Opened in 2003 and operated by Midland Expressway, a subsidiary of Macquarie, the toll road was designed carry 72m000 vehicles a day, but has failed to live up to expectations, with an average of around 4
February 13, 2017 Read time: 1 min
Plans to sell the UK’s M6 toll road have failed, according to a report by the Financial Times.

The road’s banker owners announced plans to sell the road in February 2016 and are now said to be considering refinancing the business after struggling to secure a US$2.3 billion (£1.9 billion) sale price.

Opened in 2003 and operated by Midland Expressway, a subsidiary of 802 Macquarie, the toll road was designed carry 72m000 vehicles a day, but has failed to live up to expectations, with an average of around 48,000 vehicle using the road.
Charging, Tolling & RUC

Related Content

  • April 25, 2013
    Diverse development of tolling business models
    A diversity of tolling business models offers a wider toolbox of highway finance options, as the IBTTA’s Patrick Jones explains. The business models for America’s tolled highways have gone through several different evolutions over the last 75 years, reflecting a succession of shifts in transportation policy and politics, financing and funding models, urban patterns, customer needs, and technology. And with more and more decision-makers expressing renewed interest in tolling, it’s that very diversity that ma
    Read More
  • August 14, 2012
    Tolling system interoperability gains momentum
    Efforts to advance national interoperability for tolling systems are gaining momentum, with one protocol promoted by a key operator group emerging as a candidate to form the basis for full AVI interoperability, Tim McGuckin writes. Fuelled by a growing awareness and acceptance of standards-based solutions, the US toll community is quickening towards the goal of interoperability between toll systems across the US. Over 20 years since the advent of electronic toll collection (ETC), key elements are falling in
    Read More
  • June 26, 2014
    Manila launches first RFID toll collection
    14km access-controlled toll expressway links Manila to the southern province of Cavite
    Read More
  • August 23, 2016
    Asecap debates the future of tolling
    Colin Sowman reports form Asecap’s Study & Information Days event in Madrid. At Asecap’s (the Association of European Toll Road Operators) recent Study and Information Days event there was no doubt about the subject at the top of the agenda: the European Union Directive 23/2014/EU. This will introduce fundamental changes to the concession model under which Asecap members operate more than 50,000km of tolled highways and, in response, it has compiled a report entitled Proposal for a Sustainable Concession Mo
    Read More

Highlighted Content