ConcessioInfrastructure Intelligence
Concessio Registry · Verified

M25 Orbital

Toll Road concession in United Kingdom · National Highways
Canonical Concessio ID
GB11P0000122
Display format: GB-11-P-000012-2
Country
United Kingdom (GB)
Sector
Toll Road (11)
Family
Transport
Structure
PFI/PF2 (P)
Full structure
Private Finance Initiative
Grantor
National Highways
Operator
Connect Plus (M25) Ltd
Financial close
20 May 2009
Operations start
01 Sept 2009
Contract end
12 Sept 2039
Capital value
£982.9m (HMT 2025)
Equity holders (2025)
Equitix (38%), Dalmore Capital (20%), Grosvenor Capital Management LP (18%)
Intelligence on this concession
Comparable transactions2 linked transactions
Transaction records▪▪▪▪▪ value + parties + source
Full data — clause text, term values, KPI series, comps — is available in the Concessio app.Unlock with Concessio →
About Concessio IDs

A Concessio ID is a 12-character canonical identifier for an infrastructure concession. The format is CC-AA-S-NNNNNN-K — country, asset class, structure, sequence, and a Luhn check digit. The check digit protects against typos and fabricated IDs.

Concessio IDs are stable for the life of the concession. They do not change if the asset is renamed, sold, or restructured. Cite them in filings, press releases, research reports, and contracts.