The Court of Appeal in Dublin has made a ruling regarding the rateable value of Eurolink’s tolls on the M4 motorway. The decision was made in favour of the Commissioner of Valuation, resulting in a rateable value of €2.145m for Westmeath tolls and €6.635m for Kildare tolls. This ruling will impact Eurolink’s rates bill from both authorities, with last year’s total coming to €416,130 for Westmeath alone. The case was centred on whether the Revenue Share paid to Transport Infrastructure Ireland (TII) is deductible when calculating the ‘Net Annual Value’ of the rateable property. The court confirmed that it is not deductible and therefore Eurolink will be required to pay higher business rates in the future. The ruling was in line with the views of Judges Haughton, Collins, and Barniville. The case concerned the tolls collected from vehicles using the M4, which spans three local authority areas in County Kildare, County Meath and County Westmeath. Eurolink had entered into a 30-year public-private partnership with TII in 2003 to design, construct, operate and maintain the motorway.
