M8/M73/M74
Motorway Improvements Project
The M8, M73 and M74 Improvements Project is a £500 million investment programme which is being delivered by the Scottish Roads Partnership (SRP) as a Public Private Partnership initiative.
With the objectives of improving the motorway network in Central Scotland, upgrading the roads to reduce congestion and increase journey time reliability, the project will ultimately boost Scotland’s economy by improving connections between the commercial centres of Glasgow, Edinburgh and beyond.
With a concession period of 33 years, SRP is responsible for the construction as well as the operation and maintenance of the motorway networks. The project is well underway in delivering against its strategic objectives with a key milestone being the launch of the new M8, known as the ‘missing link’. The completion of this seven-mile link road means the entire stretch between Edinburgh and Glasgow is now motorway and as a result motorists are saving up to 20 minutes on journey times.
FIM provides a range of financial services to the M8/M73/M74 Motorway Improvement project.
Key facts
More than 8,000 workers were involved in the project in either training or direct employment.
It took over 6.5 million hours of labour to deliver the improvements.
The new M8 road is saving motorists up to 20 minutes in their journey times.
The network covers 54km of road in total, 12.4km of new construction motorway, 16.2km of upgraded existing motorway/ dual carriageway and the remainder being exiting road network.
The network carries on average over 200,000 vehicles daily.
The network includes over 70 structures, three Junctions and two interchanges.
Case Study
Timeline
Contract awarded to Scottish Roads Partnership
Commercial and financial deal closed
Fulcrum appointed as partner
M8 ‘missing link’ opens
End of operations and handover
ESG
The M8 M73 M74 project will upgrade the busiest parts of Scotland’s motorway network – improving safety and adding capacity.
The M8 is committed to supporting, training, and offering career opportunities for young people. It has enlisted 40 apprentices and 27 graduates on certified training schemes. Additionally, the M8 hosts site visits with engineering students from global universities and colleges and held a week-long Constructionarium Programme.
The Good Neighbour Fund project launched by SRP continues to provide funding to local charities and community groups. The fund was set up to award up to £500 to non-profit community groups and organisations or schools living within the vicinity of the works. It is open to those who provide education, skills development and any community support initiative, group or charitable organisation, or any benefit for the local environment.
