The Government has allocated London boroughs with £235 million in additional roads repair funding over the next 11 years, which has been redirected from HS2.
Allocations for each London borough and Transport for London (TfL) have been confirmed, with £7.5m of this funding set aside for next year.
The allocations from the Department for Transport (DfT) are based on the size of the road network that local authorities and TfL maintain respectively.
These include funding boosts over the next year of £354,000 for Hillingdon, £455,000 for Bromley and £368,000 for Barnet, with London boroughs immediately receiving around 96% of the £7.5 million first-year funding, and TfL approximately 4%.
The funding is part of an £8.3 billion plan, which the Government claims is the largest ever investment into road repairs and improvements.
Councils will be held accountable for how they spend the money by being required to publish regular updates on the proposed works, and they could see future money withheld if they fail to do so.
Transport secretary Mark Harper said: “This funding is part of a long-term, 11-year plan to ensure road users across London have smoother, faster and safer journeys by using redirected HS2 funding to make the right long-term decisions for a brighter future.”
This week also saw the Government and TfL agree a new £250 million funding deal for 2024 to improve London’s transport system.
Login to comment
Comments
No comments have been made yet.