Owner of M6toll makes £42m loss as Covid shrinks traffic volumes


 

The M6 toll road owner plunged deeper into the red last year, with its most recent accounts revealing a £42m pre-tax loss. Midland Expressway’s (MEL) turnover dropped by £38m to £51.3m in the year ending 31 December 2020 as traffic on the 27-mile toll road plummeted by 45% due to pandemic-related lockdowns and restrictions. MEL said Covid-19 has had a “profound impact” on the company but that despite this, traffic volumes responded positively to the easing of restrictions. The results […]