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

For more information on companies in this article

Related Content

  • Flexible rail ticketing system uses cloud computing
    November 26, 2012
    UK-headquartered IT consultancy firm Smart421 is to design, build and manage a new Live Sales Management system for Rail Settlement Plan (RSP). This system will provide the rail industry with a flexible, high availability cloud-based solution to support ticket on departure - the collection of rail tickets from self service ticket machines after purchasing them earlier on the web.
    Read More
  • Personal Rapid Transit, clear benefits for European cities
    July 26, 2012
    David Crawford watches the race to get the world's first PRT system up and running. To paraphrase the old joke about buses bunching, you seem to have to wait several decades for a Personal Rapid Transit (PRT) system, and then half a dozen come along together. Currently, in fact, there are well over that number of schemes for driverless electric passenger-carrying 'pod' networks at various stages of planning, design and implementation around the world. Locations range from a straight-off-the-drawing board ne
    Read More
  • ITS Australia starts countdown to ITSWC2016 in Melbourne
    June 14, 2016
    In just five month’s time, the 23rd ITS World Congress will open in Melbourne, Australia, hosted by ITS Australia on behalf of ITS Asia Pacific, Ertico and ITS America. Susan Harris, CEO of ITS Australia is here in San Jose to promote what promises to be not just an unmissable event, but an important business opportunity for American firms.
    Read More
  • Vancouver to replace tunnel with toll bridge
    September 30, 2013
    In an effort to reduce "the worst bottleneck" to traffic in the region, Vancouver, British Columbia, is to replace the Massey Tunnel on highway 99 with a wider bridge that is expected to be a tolled. The four-lane lane tunnel, which opened in 1959, is heavily overloaded for much of the day, carrying an average daily traffic of around 80,000 vehicles. Public consultation favoured a new bridge over the alternatives of renovation and additional tubes.
    Read More

Highlighted Content