Sunday 23rd Jul 2017 - RUC Magazine

M6 Toll motorway for sale – one careful owner (UK)

News

The M6 Toll road has been put for sale for nearly £2bn, according to reports.

As reported on the BBC News website, the 27-mile route between Cannock and Coleshill in the West Midlands opened in 2003. It cost approximately £900m to build.

A debt-restructuring process led to a consortium of 27 banks effectively taking ownership of the loss-making road from Midlands Expressway Ltd. It is now selling its equity stake. It is thought the banks want to recover about £1.9bn from the sale.

Figures from the M6 Toll website show that an average of 52,735 vehicles used the road per week day between October and December last year, compared with 45,890 in 2014.

Car drivers are charged £5.50 and HGVs £11 to use the road during the week.