Britain's giant bus companies are threatening to freeze billions of pounds of investment in new vehicles unless the...
Britain's giant bus companies are threatening to freeze billions of pounds of investment in new vehicles unless the government increases spending and does more about road congestion, reported The Observer (Business, p3).
Three of the UK's leading bus companies - Stagecoach, Arriva and Go-Ahead - said there was 'no point' investing in state-of-the-art£145,000 buses if they were just going to sit in traffic.
The govenment will publish its 10-year transport spending plans later this month.
The bus companies are demanding increased spending on measures such as bus lanes, and better strategies for keeping traffic moving.
The bus and coach industry spends£500m a year on new vehicles, mostly buses for public transport services. Veronica Palmer, director-general of the Confederation of Passenger Transport, which represents private sector operators, said: 'If the government does not come up with matching funding for infrastructure, each company is likely to review its own investment.'
The CPT want a 10-year total of£7.8bn of government funding, a 70% increase over the last decade.