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

  • Prison sentence for holding a mobile device while driving
    February 5, 2015
    As of 1 February, it will be illegal for drivers in Singapore to hold any type of mobile device while driving. Previously, only calling or texting someone on a mobile phone was barred. Anyone caught holding any mobile device, phone or tablet, while driving can be found guilty of committing an offence; this means mobile phones and tablets. The new changes include not just talking or texting but also surfing the web, visiting social media sites and downloading material. The law also applies to just hold
    Read More
  • 2012 US Urban Mobility Report published
    February 8, 2013
    Researchers at the Texas A&M Transportation Institute (TTI) have come up with a way to measure the unreliability of trip times due to traffic congestion. The Planning Time Index (PTI) illustrates the amount of extra time needed to arrive on time for higher priority events, such as an airline departure, just-in-time shipments, medical appointments or especially important social commitments. If the PTI for a particular trip is 3.00, a traveller would allow sixty minutes for a trip that typically takes twenty
    Read More
  • Anywhere card delivers prepaid contactless ticketing
    January 25, 2012
    David Crawford investigates a far reaching initiative in integrated travel. The Port Authority Transit Corporation (PATCO), an operator of high speed commuter rail in the north eastern US, is not one of the world's best known transit providers. Its 13 stations along a single east-west route (three of them interchanges with other regional commuter lines) handle 40,000 passengers a day, travelling to and from Philadelphia, the US' fifth most populous city.
    Read More
  • Nissan and Enel launch vehicle-to-grid project in the UK
    May 12, 2016
    Automotive manufacturer Nissan and multinational power company Enel are to launch a major vehicle-to-grid (V2G) trial in the UK, which will see one hundred V2G units installed and connected at locations agreed by private and fleet owners of the Nissan LEAF and e-NV200 electric van. By giving Nissan electric vehicle owners the ability to plug their vehicles into the V2G system, owners will have the flexibility and power to sell stored energy from their vehicle battery back to the National Grid. The annou
    Read More

Highlighted Content