£1 billion for new road infrastructure
The Government has announced an extra £1 billion of investment in road schemes as part of the Autumn Statement.
The full list – supplied by the DfT – can be found below.
Professor Stephen Glaister, director of the RAC Foundation, said:
“While drivers will be pleased to learn the fuel they put in their car is not going to be taxed further, they will also welcome the extra £1 billion to be spent on the roads their vehicles run on, with much of the cash destined for maintenance and high value pinch point schemes.
“The disappointment is that this sum could have been even higher if the review into attracting more private sector investment into infrastructure had been completed, but that has now been delayed until next year’s budget.”
ENDS
Contact:
Philip Gomm – Head of External Communications – 020 7747 3445 | 07711 776448 | 020 7389 0601 (ISDN)
AUTUMN STATEMENT – TRANSPORT SPENDING
|
SCHEME
|
£M 2012- 2015 |
£M POST 2015 |
£M TOTAL |
|
A1 LEEMING TO BARTON IMPROVEMENTS
|
142 |
172 |
314
|
|
A5-M1 LINK (DUNSTABLE NORTHERN BYPASS)
|
94 |
33 |
127 |
|
A1 LOBLEY HILL IMPROVEMENT
|
14 |
50 |
64
|
|
HIGHWAYS MAINTENANCE
|
333 |
0 |
333 |
|
STRATEGIC ROAD PINCH POINT FUND
|
100 |
0 |
100 |
|
LOCAL PINCHPOINT SCHEME
|
170 |
0 |
170 |
|
A30 TEMPLE TO CARBLAKE
|
8 |
22 |
30 |
|
ACCELERATED NATIONAL ROAD PROJECTS
|
95 |
0 |
95 |
|
DEVELOPMENT OF FUTURE NATIONAL ROAD PROJECTS
|
42 |
0 |
42 |
|
CYCLING INFRASTRUCTURE IMPROVEMENTS
|
42 |
0 |
42 |
|
M25 JUNCTION 30 IMPROVEMENTS
|
0 |
150 |
150 |
|
TOTAL
|
1040 |
426 |
1,467 |
SAVINGS
The department will make savings of £139m over the remaining period of this spending review (2013/4 and 2014/15). This breaks down as:
- £49m in 2013/14
- £90m in 2014/15
Source: DfT