Road improvements funded by M6 toll operator
United Kingdom – Motorists are set to benefit from £112 million road improvements in the West Midlands which will be funded by Macquarie Infrastructure Group (MIG) – the M6 Toll operator, Transport Secretary Douglas Alexander announced.
Funded through resources released from refinancing of the M6 Toll, the improvements will include the construction, operation and maintenance of a new road from the M54 and Telford to the M6 and the M6 Toll as well as improvements worth up to £10m to the slip road access from the M42 to the southern end of the M6 Toll.
The new road will not be tolled like the M6 Toll.
Douglas Alexander said:
"I am pleased to record that MIG have agreed to fund £112m of road improvements in the West Midlands from their total refinancing resources.
"This is a good deal for taxpayers and a good deal for motorists. By using resources released from the M6 Toll’s refinancing the Highways Agency will be able to speed up the construction of the new link from the M54 to the M6 and M6 Toll.
"The Government is committed to improving the road network and to tackling congestion. These new improvements will bring real benefits to traffic in the West Midlands."
- The Highways Agency is an executive agency of the Department for Transport, and manages, maintains and improves the network of trunk roads and motorways in England on behalf of the Secretary of State for Transport.
- The new road from the M54 and Telford to the M6 and the M6 Toll should be ready for use after 2012 subject to the usual statutory processes.
- The West Midlands Area Multi Modal Study (WMAMMS) recommended the development of a link from the M54 to the M6 and the M6 Toll to improve access to and from the M54 corridor and Telford. Ministers supported the link road in principle and instructed the Highways Agency to carry out further detailed work with a view to developing proposals for consideration.
- The concession agreement to finance, build and operate the M6 Toll Road was signed by the then Secretary of State for Transport in 1992. The full risks for all aspects of the contract for the M6 Toll are carried by the concessionaire, including the full revenue risk, with no payments made by the government.
- MIG is the 100 per cent owner of Midland Expressway Ltd, the concessionaire of the M6 Toll Road, which bypasses Birmingham on the route between London and the North of England. As an important part of the road network in the West Midlands, the M6 Toll contributes towards achieving an efficient road network and improving network reliability.
- Information about roadworks and road conditions on the motorways and trunk roads in England is available from the Highways Agency Information Line on 08457 504030, and website: www.highways.gov.uk