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

  • Kapsch outlines tolling options to combat traffic congestion
    January 11, 2017
    Michael Maitland from Kapsch TrafficCom looks at how the various forms of tolling can help authorities combat traffic congestion and air quality problems while simultaneously raising revenue.
    Read More
  • New system to prevent Hazchem and over-height vehicles entering tunnel
    August 20, 2015
    An impending move to free-flow charging prompted a search for automated dangerous goods identification and over-height detection systems at the Thames Crossing to the east of London. Manned toll booths are increasingly being consigned to history by the onslaught of all-electronic charging. However, a secondary function of the traditional manned plazas has been to prevent non-compliant vehicles using the facility or to tell a driver that that they need to use a specific lane or wait for an escort. Automating
    Read More
  • Hindhead Tunnel safety demonstration
    April 20, 2012
    A full scale major incident emergency exercise has been carried out in the UK’s brand new Hindhead Tunnel on the A3 in Surrey. Located just to the south of London, the A3 route carries heavy traffic volumes and the existing road link has been a major bottleneck for capacity as well as proving a safety risk for the area. The new tunnel, due to open soon will relieve traffic jams in the area and boost capacity.
    Read More
  • Data holds the key to combating VRU casualties
    May 8, 2015
    Accident analysis software can help authorities identify common causes and make best use of their budgets, as Will Baron explains. More than 1.2 million people die on the world’s roads each year and according to the World Health Organisation, half of these are pedestrians and vulnerable road users (those whose vehicle does not have a protective shell, such as motorcyclists and cyclists). While much has been done to improve road safety and cut the number of deaths and serious injuries on our roads, a great d
    Read More

Highlighted Content