Lenders to sell M6 motorway in the UK

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
Lenders to sell M6 motorway in the UK

According to sources, Britain's only toll motorway, the M6 Toll motorway, has been put up for sale by its owners

The road is currently owned by a consortium of 27 institutional investors and banks, including Commerzbank and Credit Agricole, which took over the asset on under a debt restructuring deal in 2013.

InfraPPP understand that financial advisers for the sale process have not been appointed yet. 

In December 2013, the asset was refinanced by its previous owner Macquarie Atlas Roads. The refinancing involved extending the maturity of the debt until 2020. Macquarie Atlas Roads receives a small annual fee for continuing to manage the asset but it will not receive further equity distributions from the project as all surplus cash flows from the asset will be applied to service the new debt. The route's concession ends in 2054.

It's thought the owners of the M6 Toll in the West Midlands want to take advantage of a jump in the number of vehicles using it in recent months to sell it off. 

The amount of traffic using the road increased 12.6 per cent in 2015, to 17.4m vehicles. Around 48,000 vehicles a day used the route during the fourth quarter of 2015.

The M6 toll road is part of the national network and was built by Midland Expressway, 100% owned by the Macquarie Atlas Roads.

The project had an initial investment of £900 million (US$1469 million) and opened to traffic in December 2003, on budget and six weeks ahead of schedule.

List of country news

Country news

  • February 12, 2016

    Aurium capital markets to raise 500m to fund UK renewable investments

    Aurium Capital Markets has plans to raise up to £500 million (US$724.3 million) from institutional investors to support the renewable energy sector in the UK. Read more
  • February 11, 2016

    BlackRock raises $275 million in first close for Euro renewables fund

    BlackRock has raised $275 million from Asian and European institutional investors in a first close for its European renewables fund, Renewable Income Europe. Read more
  • February 11, 2016

    Amey appoints Andy Milner as CEO

    Amey, the UK subsidiary of Ferrovial Services, has announced the appointment of Andy Milner as CEO to replace Mel Ewell, who will be stepping down in March after 15 years at the helm. Read more
  • February 11, 2016

    Aviva investors to finance 315m circuit of Wales project

    Global asset management firm Aviva Investors has agreed to provide most of the funding for the £315 million (US$457 million) Circuit of Wales project. Therefore the London-based institutional investor would become the sole private sector backer of the project in Blaenau Gwent, Wales. Read more
  • February 10, 2016

    Infracapital seeks EIB funding for greenfield fund

    Infracapital, the infrastructure investment arm of M&G Investments, is in process of fundraising for a new vehicle focused on greenfield investments. The new initiative has £1 billion (US$1.45 billion) target.  Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.