A total of£1.008m is to be allocated to local highway authorities and passenger transport authorities in England f...
A total of £1.008m is to be allocated to local highway authorities and passenger transport authorities in England for capital expenditure on their local transport infrastructure in 1994-95, reported the Earl of Caithness in a parliamentary written answer (16 December, col 141-142).
The Earl of Caithness continued: 'This consists of £329m in transport supplementary grant - plus £66m in annual capital guideline and supplementary credit approval, and £13m in public transport facilities grant. With the help of capital reserves and developer contributions we therefore expect authorities to be able to spend considerably over £1,000m in total.'
Government resources will be 11% lower than in 1993-94, the Earl said, but authorities will be able to start on 35 important road schemes straight away.
'Road safety remains a high priority,' he said. :'Within the reduced overall total, the level of funding for local safety schemes has been maintained at the record 1993-94 level of £50m. Local authorities continue to make good use of funds.'