HL Deb 06 January 2004 vol 657 cc38-9WA
Lord Berkeley

asked Her Majesty's Government:

What is their current estimate of the capital cost of the Birmingham northern relief road.[HL416]

Lord Davies of Oldham

The M6 Toll (formerly known as the Birmingham northern relief road) has been privately financed by Midland Expressway Limited (MEL) under a 53-year concession agreement awarded by the Government. The construction costs awarded by MEL to its contractor at tender stage were £485.5 million. The overall costs are a matter for MEL but it is believed that the development cost incurred is in the region of £900 million. This includes the cost of land, interest on loans, consultancy, management and legal fees.