More roadworks on the M6 proved good news for M6 Toll operators Midland Expressway, as it cut its losses by nearly £5 million, it was revealed today.
But the company still made a loss of £36.7 million in 2012, according to its financial figures just filed with Companies House.
During the year 13.07 million customers used the M6 Toll road, up from 13.04 million the year before as it benefited from the start of roadworks on the M6 in April 2012.
As a result, toll revenue was up 3.9 per cent to £58.05 million for the year, boosted by an increase in the charges. Other income, including a ‘substantial’ contribution from the M6 Toll motorway service station, was £2.51 million.
In the directors’ report, they said: “Disruption is likely on the M6 throughout 2013 and it is envisaged that, as a result of these works and the constraints on the capacity on the M6, the M6 Toll will benefit from increased traffic using the road.”