Profits rise 40% for Cork toll operator

THE private operator of the tolled €295 million Rathcormac to Fermoy bypass in County Cork had a 40% increase in operating profits, to €7.6 million, last year.

Accounts filed by Directroute (Fermoy) with the Companies Registration Office show the firm’s operating profits increased from €5.5m to €7.6m to the end of December.

The accounts do not provide the revenues generated by the tolled route, which costs motorists €1.90 and heavy goods vehicles (HGVs) €6.