Saturday, September 6, 2014
Government's £28 billion in 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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