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Financial plan assigned for transport funding

by Paul Addison on March 20, 2017 No comments

Chris Grayling, the transport secretary, has acknowledged the traffic hotspots, that are to obtain a share of the founding worth £220 million announced in the Budget.

The government have said that the plan for the scheme is to do the following for motorists:

  • reduce congestion,
  • reduce journey times for motorists,
  • improve safety.

£30 million will be given to dual a stretch of the A69 between Hexham and Newcastle.

£14 million will be going towards creating a new junction on the M11, to provide an additional route into Harlow, which, will hopefully cut journey times as well as revealing housing development.

£110 million will be put towards improving our roads.

Chris Grayling said the following:

“We are making the most extensive improvements to roads in the last 40 years, investing a record £23 billion to keep our country moving and make journeys faster, better and more reliable for everyone. We are also spending a further £1.3 billion over the course of this Parliament to relieve congestion and provide important upgrades to ensure our roads are fit for the future.”

Grayling has said that the scheme will be providing a “quick relief” to drivers.

In the budget on the 08.03.17, the Chancellor Philip Hammond also announced that from the budget:

  • £90 million would go to the North,
  • £23 million would go to the Midlands,
  • £220 million would go to address pinch points on the road network,
  • funding will also be going to other regions.

The planned schemes include the following:

  • £6.4 million towards improving;
  • the A595/A66 junctions at Great Clifton,
  • the Fitz Roundabout,
  • the A585 at Norcross,
  • junction 3 of the M55,
  • £15 million will go towards the A69/A68 junction near Corbridge,
  • £4.9 million will go towards widening junctions 27 and 28 on the M62,
  • £3.3 million will go towards widening the A5, Old Stratford,
  • £4.2 million will go to improving junction 3 on the M42,
  • £2.5 million will be for the improvement of junction 7 of the M27,
  • Nearly £20 million will be going towards improvements to the M5 in the South-West.

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Paul AddisonFinancial plan assigned for transport funding

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