€370k a week profits for M3

The operators of one of the most controversial road schemes ever built in the country generated over €370,000 per week in operating profits from the route last year.

Figures show the M3 motorway generated €19.25m in operating profits for its private operator, Eurolink Motorway Operation (M3) Ltd.

The documents lodged with the Companies Office show that the firm recorded the operating profit of €19.25m in 2013 after recording an operating profit of €30.2m in 2012. In total, the firm recorded €29.5m or €80,843 per day in revenues in 2013. The revenues recorded last year represent a major slump on the €39.88m recorded in revenues in 2012. However, daily traffic volumes increased by 2.35% on the route last year to 23,000 vehicles — the firm’s revenues are made up of road tolls and operational payments from the National Roads Authority (NRA).