Toll charges on M50 to soar
TOLL charges for the M50 are set to increase to “maximum level” on New Year’s Day.
Prices increases of close to 9 per cent, in line with annual inflation, will take effect on eight toll roads operated under public-private partnerships as well as the M50 from January 1.
The increase of tolls on the M50, which is operated directly by Transport Infrastructure Ireland (TII), are linked to the annual inflation rate of 8.6 per cent as measured by the CSO Consumer Price Index in August. The tolls cannot increase beyond this rate.
Tolls for cars on the M50 will rise from €2.10 for tag users to €2.30 in the first price hike for a decade, and from €2.70 to €2.90 for drivers captured on video going through the barrier-free toll. Unregistered cars will be charged €3.50, up from €3.20.
Vans, lorries and buses will also be charged more, with the price for tagged goods vehicles of less than 2,000 kg and buses rising from €3 to €3.20 and €3.80 on video.
The price for unregistered goods vehicles below 2,000 kg will go up from €4.10 to €4.40, and heavier goods vehicles will also face a 9 per cent increase.
The PPP roads are the M1, M7, M8, N6, N25 Waterford and N18 Limerick Tunnel, M3 and M4, and toll charges on those roads include VAT of 23 per cent.