Saturday, September 6, 2014

Government's £28 billion in new funding for roads and transport

Government announces new funding for roads and transport The most important upgrade of UK road and transport infrastructure in history is assured thanks to some £28 billion government plan. The funding, which includes £500 million to cover electric and low carbon vehicle development, was announced in June but has now been guaranteed inside a government paper. A further £12 billion is put aside to create many of the UK's worst roads as much as standard - half of the money will be applied for repair and care.  After many years of sub-standard investment in repairing potholes and damaged road surfaces, the govt now aims to possess 80 per cent of motorways and A-roads repaired by 2020. 221 extra miles of managed motorways may also be introduced, and important freight routes - such as the A14 and M4 - will certainly be widened to four lanes at their busiest sections. The govt has also guaranteed that when there is a change of government the money could be ringfenced. The Department for Transport also says It‘s carrying out studies to make a decision how you can improve a number of our most notorious traffic hotspots - for example the A303 and A1. The SMMT has welcomed the move, interim boss Mike Baunton said the guarantee of £500 million for low carbon vehicle development was : suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" Excellent news to the UK automotive industry and it is position as a worldwide leader for new technological development. suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" Government’s £500 million funding and longer-term commitment will provide industry and investors with much needed certainty to research, develop and manufacture subsequent generation of clean, fuel-efficient vehicles inside the UK. suggestion:inch,inches,in[click to edit]')" onmouseout="UnTip()">" Government's £28 billion in new funding for roads and transport

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