Cable Forum - View Single Post - papers tomorrow Coalition roads motorways and trunk roads to be leased+tolls

mertle · 19-03-2012, 10:57

Another reason why to be very concerned M6 has already got HUGE issues.

M6 debt already causing concern this next to second largest city. There simply not enough USING it causing concerns of low yields this road already worrying investors.

Take look at this evidence this will be financial nightmare. Santander, credit acricole and banco espirito are all looking to bail. They already want to sell the debt to some lemon out there. No doubt the lemon will be the uk tax payer. Why its already happened with another debt road toll failure.

http://www.ft.com/cms/s/0/d0d22e02-d...44feabdc0.html

It happened with humber bridge the debt could never be paid off tolls was spiralling simply due to lack numbers using it.

So the government bought half the debt of the bridge board reduced tolls by half. To hope more use the bridge to turn things around.

http://www.bbc.co.uk/news/uk-england-humber-16955516

Now if this will happen down the road as companies make killing by running debt building the thing. Struggle to surface the debt and make enough from tolls/charges. Then down the road the serviving government will have to bail the road infrastructure out by buying the debt.

This could HAUNT US further down the road.

It so obvious as its already looking M6 heading the same way the government already doing this with humber bridge.

19-03-2012, 10:57	#25
mertle Inactive Join Date: Feb 2004 Posts: 2,134	Re: papers tomorrow Coalition roads motorways and trunk roads to be leased+tolls Another reason why to be very concerned M6 has already got HUGE issues. M6 debt already causing concern this next to second largest city. There simply not enough USING it causing concerns of low yields this road already worrying investors. Take look at this evidence this will be financial nightmare. Santander, credit acricole and banco espirito are all looking to bail. They already want to sell the debt to some lemon out there. No doubt the lemon will be the uk tax payer. Why its already happened with another debt road toll failure. http://www.ft.com/cms/s/0/d0d22e02-d...44feabdc0.html It happened with humber bridge the debt could never be paid off tolls was spiralling simply due to lack numbers using it. So the government bought half the debt of the bridge board reduced tolls by half. To hope more use the bridge to turn things around. http://www.bbc.co.uk/news/uk-england-humber-16955516 Now if this will happen down the road as companies make killing by running debt building the thing. Struggle to surface the debt and make enough from tolls/charges. Then down the road the serviving government will have to bail the road infrastructure out by buying the debt. This could HAUNT US further down the road. It so obvious as its already looking M6 heading the same way the government already doing this with humber bridge.