€380k weekly profit at M3 tolls

The operators of one of the most controversial road schemes in Ireland generated over €380,000 per week in operating profits from the route last year.

New figures show that the M3 Motorway, which runs from Clonee to north of Kells, Co Meath, generated €19.8m in operating profits for its private operator, Eurolink Motorway Operation (M3) Ltd, while a €2.6m state-sponsored subsidy contributed to the profits.

In total, the firm recorded €29.4m, €80,780 per day, in revenues in 2014, compared to €29.5m in 2013.