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Black Country Chamber Responds to Update on M6 Toll

Corin CraneThe Black Country Chamber of Commerce are responding to the reports in the Financial Times regarding the owners of the M6 Toll Road considering refinancing the business. The Toll Road is owned by 27 lenders, including major banks, which are apparently now considering refinancing the debts incurred by the asset in order to lower outgoings whilst they seek to sell the road.

The Toll Road had been for sale for £1.9bn, which would have allowed lenders to fully recoup their debts. However, the consortium of bidders were unwilling to meet the asking price, raising questions over the viability of the banks’ preferred strategy. Vehicle use of the road is significantly below initial expectations and the uncertainty over traffic revenues allegedly engendered by Brexit may have dampened investor appetite.

There have been calls to nationalise the M6 Toll Road, with critics alleging that ‘excessive tolls’ have caused vehicles to switch to using the cheaper M6. It is likely that removing the toll would significantly ease pressure on the M6 around Birmingham and the Black Country, particularly as major engineering works are set to take place over the coming years.

Corin Crane, Chief Executive of the Black Country Chamber of Commerce, commented: “Almost every business we speak to in the Black Country mentions congestion and movement of goods as one of their key issues. We desperately need to make better use of the M6 Toll Road and public ownership of this road may help avoid the critical delays that will become commonplace once improvements to the M6 and M5 take place in the coming years.”

The Black Country Chamber of Commerce are working on a campaign for 2017 that will explore key issues relating to transport and infrastructure in more detail and then take action to support Black Country businesses moving forward. For more information, please contact the Black Country Chamber on 0330 024 0820 or visit

Last modified on Friday, 10 February 2017 15:17

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