M6 Toll put up for sale
The UK’s only pay-to-use motorway is being sold by a consortium of banks that took control from Midlands Expressway Ltd after a debt restructuring.
The 27-mile stretch of toll motorway opened in 2003 and currently costs £5.50 for a car to use during weekdays and £11 for commercial vehicles or coaches.
According to reports, the consortium is selling now following recent improved performance from the toll road. Figures published by Midland Expressway in January show that for Q4 2015, overall traffic across all vehicle categories and all days were up by 14.4% on the same period last year with average daily traffic in the period of over 47,900 vehicles. However, it is yet to reach the 75,000 vehicles a day that was predicted when it was first opened.