NRA seeks bids for M50 toll service

The National Roads Authority (NRA) is seeking firms to bid for a new estimated €155m 11-year contract to provide e-flow toll services on the M50 motorway until 2029.

Around 115,000 vehicles pass through the M50 toll every day and toll revenues of €110m are generated annually. The contract has proved very profitable for the French consortium that has operated the toll since the barrier-less e-flow system came into operation in 2008.

The most recent accounts lodged by the operator, Sanef ITS Operations Ireland Ltd, show that it recorded pre-tax profits of €2.79m in 2013. This followed pre-tax profits of €2.9m in 2012.