M50 toll system loses €3m in first year

M50 toll system loses €3m in first year

The new barrier-free tolling system on the M50 in Dublin made losses of €3m during its first year in operation.

The figure is contained in the Report on the Accounts of the Public Service for 2009, published today by the Comptroller and Auditor General.

It shows the system generated €65m last year, including €11m in penalties and account management fees.

However, €52m was paid over by the State as part of the toll buy-out, with a further €16m spent on construction and associated work.


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