The company in charge of maintaining the Menai Suspension Bridge has made over £15m in profits in recent years despite the sudden closure of the bridge in October due to safety concerns, it has been reported. According to the company's accounts the company also paid out £9.6m in dividends.
North Wales Live report that over the last four years, the company has made £15.4m in profits. The bridge was closed unexpectedly in October due to safety concerns and is not expected to open until January, end even then will have a 7.5 tonne weight limit. North Wales Live have now examined the accounts of the firm - UK Highways A55 Ltd, which won the contract to build the expressway’s 31km Anglesey extension to Holyhead in 1998.
Through this, they found that the Welsh Government has also paid out over £300m for the Anglesey A55 section of the road since it was built. It is reported that under a Private Finance Initiative (PFI) deal with Tony Blair’s UK Labour Government, the company has responsibility to maintain the road until 2028, along with an extra 9km of local trunk road, including the Menai Suspension Bridge.
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