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

  • Europe's electronic toll service closer to operational reality
    November 7, 2012
    After much debate and delay, a unifying European Electronic Toll Service is now finally on the horizon, says ASFiNAG’s Klaus Schierhackl. Here, he talks with Jason Barnes about what that might mean. Aworkable European Electronic Toll Service (EETS) which will allow truck drivers to travel across the continent and pay tolls using a single account and OnBoard Unit (OBU) was originally timetabled to be in place and operating by October of this year. A lack of urgency from some of the stakeholders involved in t
    Read More
  • LGA report forecasts introduction of road tolling
    November 27, 2012
    A report by the Local Government Association (LGA), the organisation representing councils in England and Wales, predicts road tolling or pay as you drive road pricing could be introduced by 2018. With traffic predicted to nearly double over the next 25 years, the LGA believes the Government will have to consider tolls or even pay as you drive road pricing to raise the money it needs.
    Read More
  • RAC report - motorists frustrated with road taxes
    June 13, 2013
    According to the RAC’s 2013 Report on Motoring, the condition of the UK’s motorways and local roads, characterised by the now year-round problem of potholes, ranks as a top concern for motorists. While the cost of driving is understandably still the number one concern for nearly half (46 per cent) of Britain’s motorists, two in five (41 per cent) say maintenance of local roads and motorways is their top spending priority. In addition, 84 per cent of motorists believe their local roads are deteriorating and
    Read More
  • The delicate issue of pursuing toll evaders
    May 6, 2015
    Toll evaders create major problems for tolling companies – of which lost revenue is only one. Open road tolling maximises roadway capacity but non-payers create enforcement problems Toll road operators are increasingly employing open road or free-flow electronic tolling to minimise travel times.
    Read More

Highlighted Content