Media Releases 2005
News Release : 11 October 2005NEW REGIONAL BOOST FOR TRANSPORT South East England’s Regional Transport Board has reached agreement on transport investment priorities totaling £900 million over the next five years. The Board, a partnership of regional and local authorities under the auspices of the Regional Assembly, hammered out a transport investment programme of 33 schemes - 20 on which work is already advanced. The Board arrived at its priorities with the help of a groundbreaking technique developed by the Regional Assembly to compare investment proposals on a clear and consistent basis. This approach ensures that the region’s top priorities for transport reflect the key objectives of agreed regional strategies, such as the South East Plan and Regional Economic Strategy. Before it is finalised, the list of schemes from last Friday’s Transport Board will be double-checked against planned housing and economic development spending in the region, to ensure that the region’s priorities line up. The transport investment programme then forms the region’s advice to Government to be submitted at the end of January 2006, in time for the new financial year. Not all the programme is recommended for funding from the regional transport budget, which next year amounts to £135m. The Board identified some schemes for alternative funding through the Transport Innovation Fund and rail franchising; it is also seeking an earlier start for the new A3 improvement at Hindhead by exploring a Private Finance Initiative style approach (Design Build Finance Operate). In developing its advice to Government the Transport Board worked with all 19 local transport authorities across South East England, with the Government Office for the South East, SEEDA, the Highways Agency, and the Strategic Rail Authority (now DfT Rail). Cllr Nick Skellett, the newly elected Chairman of the Regional Transport Board, said: “A critical step in the decision-making process for improving infrastructure in the region was made on Friday (7 October). The Board stepped up to this challenge and we must acknowledge it is not an easy task to get full agreement across the region on where money should be invested over the next five years. It is the first time that we have been able to plan future investment with the necessary clarity
and certainty.” ContactLesley van Dijk, PR Executive - 01483 555223 Heather Bolton, Head of Communications - 01483 555220
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