Toll revenue on the M50 rises to €140m as traffic recovers

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Toll revenue on the country’s busiest road, the M50, rose 13 percent to €140 million last year as traffic levels recovered from the early stages of the pandemic.

However, Transport Infrastructure Ireland’s (TII) Annual Report 2021 shows that the €140m – including €7.5m in fines revenue – falls short of the €160m M50 toll revenue before the pandemic in 2019.

According to the report, traffic volumes and revenue in 2021 were above 2020 levels but were still impacted by the Covid pandemic and travel restrictions, particularly in the first half of the year.

The report states that the annual average daily traffic for the M50 eFlow toll was 123,667 journeys in 2021, a 13 per cent increase from the 109,150 journeys in 2020 but remains below 2019 levels.

45.1 million passages were registered on the toll road, an increase of 13 percent compared to 39.9 million in 2020. The number of kilometers traveled by motorists on the route last year was 1.26 billion, down 10 percent from 2020, while the number of road accidents last year was 475.

TII says the rate of traffic growth on the M50 is likely to slow in the short to medium term due to network capacity constraints and increasing congestion on the M50 corridor and radials. The report shows that toll revenues for the Dublin Port Tunnel have also recovered from €12.09m to €13.73m – although they are well below the pre-pandemic toll revenues of €22.9m.

The report also shows that Luas sponsorship had declined significantly in 2021, at about 40 percent of pre-Covid levels, with the total number of Luas passenger trips totaling 19.5 million in 2021 compared to 48.4 million in the year Year 2019, but slightly higher than 2020.

Chairman Gareth Llewellyn and Chief Executive Peter Walsh said the negative trend in anti-social behavior seen on Dublin’s public transport network in 2020 will continue to have an impact on the Luas network in 2021.

They said: “We have seen a significant increase in incidents of antisocial behavior in the first half of 2021, peaking in April.

“This gradually improved in the second and third quarters of 2021, coinciding with the re-introduction of online ticketing, increased ridership and various safety initiatives.”

https://www.independent.ie/business/toll-income-on-m50-rises-to-140m-as-traffic-levels-recover-41921734.html Toll revenue on the M50 rises to €140m as traffic recovers

Fry Electronics Team

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