The government is to effectively double the number of roads and motorways given top funding status by creating a new Major Road Network (MRN). It will use vehicle excise duty (VED) to pay for highway upkeep in a move welcomed by industry groups. The plans, which will go out to consultation later this year, form part of the new Transport Investment Strategy. This includes a proportion of the VED-funded National Roads Fund, which will be allocated to pay for the […]
The Conservative Party has insisted that investment in Britain’s road network will be “the big thing that will decide our country’s future”.
The government is launching a new transport investment strategy which will create a Major Road Network and significantly boost local road improvement funding as part of wider plans to rebalance the UK’s economy.
The government is to part-privatise the roads in a bid to attract much needed investment for the UK’s creaking transport network. Prime Minster David Cameron will announce a feasibility study during a speech at the Institute of Civil Engineers later today. In a bid to raise millions in investment, foreign companies would be invited to sign long leases to run motorways and major A-roads. The model would be much the same that used for the UK’s water and sewage supply […]