Robert Watts and Dominic O’Connell
August 30, 2009
[efoods]A radical plan to raise £100 billion by privatising the motorway network has been presented to the three main political parties by NM Rothschild, the influential investment bank.
Rothschild, an architect of several privatisations, made its pitch in the weeks running up to the summer recess on July 21, Whitehall sources said. Bankers told leading politicians that the sale of the roads overseen by the Highways Agency — all motorways and most big trunk roads — could help revive battered public finances.
Toll-road companies and infrastructure funds would compete to operate and maintain stretches of the network.