Losses widen at M6toll company

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Losses widened at the company which operates the M6toll after a fall in traffic numbers.

Midland Expressway, which is based in Staffordshire, operates the 27-mile M6toll under a 53-year deal with the government which is due to expire in 2054.

For the 12 months to 31 December 2019, the company's pre-tax losses went from £8.1m to £10.3m.

Its turnover also went from £90.9m to £89.4m.

Traffic on the M6toll fell in 2019 by 7.7 per cent to 16.8 million vehicles due to a reduction in long distance car journeys.

Total revenue decreased due to lower toll revenues derived from reduced traffic volume and falls in motorway service area usage.

A statement signed off by the board

 link source - Insider Media

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