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16Aug91 UK: TRAFALGAR HOUSE AND ITALSTAT FORM JOINT VENTURE TO OPERATE BRITAIN'S FIRST PRIVATELY-OWNED MOTORWAY.

Trafalgar House has won the concession from the Department of Transport to build the £450 million Birmingham Northern Relief Road, Britain's first privately-owned motorway.It won the contract to design, build, own and operate the 43 km of tolled motorway in a 50/50 joint venture with Europe's biggest toll road operator, Italian firm Italstat.The joint venture, called Midland Expressway Limited, will operate the road for 53 years before transferring its ownership to the DTp.The ...

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