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

  • September 12, 2012
    Preparations building for French national truck toll
    The Autostrade led Ecomouv consortium is developing the next big system of truck tolling likely to be introduced in Europe – France’s ‘Eco-tax’. Jon Masters reports. Since October last year, a consortium of companies has been working on developing the technological and administrative systems necessary for a national system of truck tolling in France. Eco-tax, France’s truck toll, is not necessarily going to be implemented. The Ecomouv consortium has been set up as a long term concessionaire, but so far only
    Read More
  • February 2, 2012
    Travel restrictions cause ITS professionals' knowledge gap
    Andrew Barriball once again campaigns for senior USDOT officials to see sense and lift some of the restrictions on out-of-state travel for transportation professionals. The ability to attend conferences and exhibitions is not a luxury, he says; it is a valid and cost-effective way of advancing the state of the traffic management art
    Read More
  • January 17, 2024
    Government blitz on “disruptive roadworks” causing traffic jams in UK
    Consultation may increase fines for companies whose street works overrun
    Read More
  • March 14, 2016
    Connected vehicle trials get big backing from USDOT
    Connected vehicle technology will emerge as a sustainable reality at three sites in the US over the next four years. Jon Masters reports. Advocates of connected vehicle (CV) technology have received a welcome boost from news that the US government has committed a further $4 billion towards automated vehicle research and CV technology. This comes hot on the heels of the US Department of Transportation’s $42 million CV pilot pledge in October last year.
    Read More

Highlighted Content