GLIL Infrastructure has acquired an indirect 25% interest in the M6 Toll concessionaire from a subsidiary of the IFM Global Infrastructure Fund.
IFM GIF has been invested in M6 Toll since 2017 and will continue to indirectly own 75%.
The M6 Toll is a 27 mile (43 kilometre), dual three lane carriageway near Birmingham, which functions as a congestion relief road for the toll-free M6, and nearby A5, A38, and A446 roads.
IFM is in the process of integrating M6 Toll into the increasingly global transportation infrastructure portfolio of the Aleatica Group.
In recent years, a number of strategic initiatives have been undertaken to improve the road for the motorists who use it every day and have contributed to the M6 Toll being named Britain’s best motorway among heavy vehicle drivers. This includes the Road Ahead capital programme, which will see investments in digital technologies to maintain the road as a world-class tolling system, enhance the user experience, and improve time efficiencies throughout the toll network.
Lee Belfield, investment lead at GLIL Infrastructure, said: “We are delighted to form a partnership with IFM and Aleatica, two experienced infrastructure investors with proven sustainability credentials. For GLIL Investors, the M6 Toll offers long-term, asset-backed cash flows and further diversifies the portfolio into road infrastructure, an essential part of UK economic growth.”