REVEALED: The staggering profit made by Waterford Bypass toll plaza last year

The Waterford Bypass toll plaza made a profit of close to €1 million, an Oireachtas transport committee meeting has heard this week.

New higher tolls came into effect this weekend on 8 major roads and the M50 motorway.  

At the Oireachtas transport committee meeting this week Transport Infrastructure Ireland (TII) chief Peter Walsh said it is "highly likely" that the rates will go up again in January.

While the toll rates payable in 2024 will not be known until mid-September, he said any increase in the 12-month consumer price index to August of more than 3% will guarantee the January toll hikes will go ahead.

Mr Walsh said three of the toll roads returned losses last year, while some of the profits were “marginal”.

However, he revealed that the Waterford Bypass returned a profit of €912,000 in 2022.