Thursday August 6, 2020

State to pay €21m to motorway and tunnel operators after fall in traffic

Private firms behind M3 motorway and Limerick Tunnel are due compensation for Covid-19 losses after they were given traffic guarantees so that toll revenue would hit certain levels

Michael Brennan

Political Editor

22nd July, 2020
The Department of Transport has estimated that traffic guarantee payments will rise to up to €21 million this year “due to the impact on traffic” of the Covid-19 restrictions.

The state will have to pay a compensation bill of up to €21 million to the private operators of the M3 motorway and Limerick Tunnel due to the impact of Covid-19.

When both projects were being awarded, the state gave traffic guarantees to the private operators so that they would earn a certain level of toll revenue every year. However, the Covid-19 travel restrictions have led to a large fall in traffic levels on the...

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