The company that runs the M50 tolling operation made a profit in 2014 of €2.6 million.
Pre-tax profits at the consortium that operates the e-Flow toll on the M50 and other motorways fell 6% to €2.6m in 2014, new figures show. According to accounts filed with the Companies Office by Sanef ITS Operations Ireland Ltd — now renamed Emovis Operations Ireland Ltd
Profits were €2.79m in 2013. and €2.9m in 2012.
More details of M50 Tolls
The penalty charges for late payment are pretty steep – and are probably contributing to the profits of BetEire Flow. The National Roads Authority gets most of the penalty fees. See more about M50 Toll Penalties here .
The National Roads Authority (NRA) is seeking firms to bid for a new estimated €155m 11-year contract to provide e-flow toll services on the M50 motorway until 2029.
Sanef’s current deal, that included an option to extend the original contract, expires in March 2018 and the new 11-year contract will start then. That includes an option to extend by a further four years.
The firm handles 43m toll transactions annually, with 2m unique drivers passing through the toll location each year.