The tolling regime on the M4 Severn crossings has been set in aspic since the Severn Bridges Act 1992 enabled the Government to award a concession to Severn River Crossing PLC. The company’s remit was to build a second bridge and maintain both bridges for the concession period. The Act authorised Severn River Crossing (SRC) to increase tolls annually in line with inflation but did not permit any variation in the times when tolls apply or the proportional relationship between prices for...
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