Revenues at Fermoy motorway operator fall

The operator of the €295m Rathcormac-Fermoy bypass in Co Cork has posted revenues of €315,655 a week.

According to accounts just filed by Directroute Fermoy Ltd, revenues fell slightly to €16.4m in 2016 from €16.7m the previous year. Operating profits increased slightly to €7.58m.

“Traffic levels grew faster than anticipated in 2016 and further increases are expected as motorists continue to recognise the benefits of the motorway,” according to the accounts.