Chancellor to detail £7bn spending pledge for local transport

Aaron Morby 4 years ago
Share

Chancellor Rishi Sunak is planning to detail plans in the Autumn spending review on Wednesday to pump £7bn in local transport improvements in Midlands and Northern cities.

The Chancellor will unveiled an extra £1.5bn for local transport levelling up projects in Wednesday's Autumn Budget
The Chancellor will unveiled an extra £1.5bn for local transport levelling up projects in Wednesday's Autumn Budget

The pledge will amount to around £1.5bn or 20% of actual extra new cash to supplement previous spending commitments on infrastructure in the regions over the next five years.

It will be directed at areas outside of London to level up transport with new train and station upgrades and the expansion of trams, with £1.2bn also allocated to improve bus services.

Its forms part of a £26bn raft of spending commitments trailed over the weekend ahead of the Autumn spending review.

Local transport infrastructure commitments will see West Yorkshire given £830m while South Yorkshire receives £570m.

Around £1.05bn will be freshly committed in the West Midlands, £710m for the Liverpool City Region, £310m in Tees Valley and £540m granted to the West of England.

Rishi Sunak confirmed previously the Government had announced £4.2bn for regional transport, adding the Government would now top that up with an extra £1.5bn while giving out the precise allocation for where the cash will go within the oveall local transport infrastructure cash envelope

“Greate cities need great transport and that is why we’re investing billions to improve connections in our city regions as we level up opportunities across the country.

“This transport revolution will help redress that imbalance as we modernise our local transport networks so they are fit for our great cities and those people who live and work in them,” he said in briefings over the weekend.

 

 

 

Latest news

Berkeley holds profit forecast despite global turmoil

Middle East tensions, inflation risk and BSR delays cloud outlook
14 hours ago

Framework orders lift Tomlinson turnover to £93m

Derby contractor banks steady pipeline of education and civic schemes
15 hours ago

Wet winter and nervous clients hit construction workload

Commercial proved the only new work sector to grow in January
18 hours ago

Cardiff clears path for Wales’ tallest tower

50-storey build-to-rent skyscraper planned beside Central Station
18 hours ago

VolkerFitzpatrick wins Didcot Science Bridge

Latest award under £332m infrastructure improvement scheme
18 hours ago

Former facade boss Lee Marks joins Skanska

Experienced exec has had stints at Permasteelisa, NG Bailey, Laing O'Rourke and nmcn
2 days ago

Mace and Arup land roles for UK’s first small modular reactor

Team named for early engineering and programme strategy for Anglesey reactor
1 day ago

Vistry eyes summer start for Camden estate rebuild

Planning decision paves way for 480-home Juniper Crescent regeneration
18 hours ago

Green light for Sheffield Cole Brothers store revival

Grade II listed department store set for comeback as leisure and office hub
1 day ago

Morgan Sindall starts delayed £29m Newcastle leisure centre

Ground broken on West Denton scheme six years after old pool closed
1 day ago

UK’s biggest AI data centre plan approved

North Lincolnshire scheme to cost £7.5bn to build
2 days ago

Vistry boss buys £893k shares after stock slide

Outgoing chief Greg Fitzgerald snaps up shares after brutal market sell-off
2 days ago

CITB accused of cutting cash for small contractors

More changes to how training body hands levy funds back to contractors
2 days ago

£25m Dartford town centre housing job heads for tender

Council pushes ahead with former Co-op site 69 home redevelopment
2 days ago

Galliford back in affordable housing with £28m Chester job

Contractor returns to partnership housing after 6-year break
2 days ago

Morgan Sindall submits Crystal Palace refurb plans

Major revamp unveiled for iconic south London sports centre
2 days ago

Data centre sites to jump queue for grid connections

Consultation starts on what schemes get priority for power
3 days ago

Balfour Beatty construction margin hits 3.5%

Power generation projects drive record order book to nearly £23bn
3 days ago

Plans unveiled for 70-storey Liverpool tower

Liverpool's tallest building will rise to 727ft
3 days ago

Birmingham sets out high-rise city centre vision

5,000 homes and major commercial quarter planned around HS2 station
3 days ago

Forterra ‘insulated’ from Iran war gas price shocks

Materials giant has short-term energy supplies secured
3 days ago

Keepmoat and Cussins to complete £200m South Shields site

Construction starts on final phase of Holborn regeneration
3 days ago

FRC probes accountants over Vistry South division reporting

Accounting watchdog probes conduct of two former Vistry employees after profit warnings
4 days ago

Costain builds record £7bn order book as profit jumps a third

Stronger margins and cash generation offset lower revenue as transport slows
4 days ago

Bid race starts for £3bn West Midlands framework

Firms fight for 20 spots on third generation building framework
4 days ago

North East Mayor to pump cash into arena and film studio jobs

Kick-start funding for Sunderland film studios and Gateshead arena schemes
4 days ago

Persimmon brick factory working 24/7 to meet demand

In-house materials investment helps boost profits
4 days ago

Two firms and site manager fined after asbestos blunders

HSE steps-in at demolition site riddled with asbestos
4 days ago

Market sounding starts on £46m Mid Wales school

Bids to be invited at end of May for for new Ysgol Bro Hyddgen campus
4 days ago

£150m Cambridge to Cambourne busway job heads for tender

Construction is expected to start in early 2027
5 days ago