Midland Expressway losses deepen as traffic plunges

摘要

Latest Figures for the company operating the M6 toll road show its losses increased to £49m last year. Midland Expressway increased turnover to £90m in the 18-month period ending 31 December 2010, compared with £56m in the year ending June 2009, but pre-tax loss widened from a loss of £26m in the year ending 30 June 2009. The firm says trading was affected by a weak economy and improved capacity on the nearby M6. However, the company's directors' report also says that all UK motorways have experienced re duced traffic, and quotes Depart ment for Transport figures that show motorway traffic fell 2.4%, 1.2%, 1.4% and 3.5% respectively in the four quarters of 2010.