Skip to main content

UK government releases second tranche of funding

Congested roads across England are to be tackled with US$253 million of funding, UK transport secretary Patrick McLoughlin has announced. This is the second tranche of funding from the US$291 million Local Pinch Point Fund, first announced in December 2012. A further 62 schemes have won department funding, bringing the total number of schemes financed by the fund to 72. Combined with local contributions, the total investment rises to more than US$460 million.
June 5, 2013 Read time: 2 mins
Congested roads across England are to be tackled with US$253 million of funding, UK transport secretary Patrick McLoughlin has announced.

This is the second tranche of funding from the US$291 million Local Pinch Point Fund, first announced in December 2012. A further 62 schemes have won department funding, bringing the total number of schemes financed by the fund to 72. Combined with local contributions, the total investment rises to more than US$460 million.

The successful schemes being just announced include improvements and upgrades to vital roads and bridges, new access routes and enhancements to address congestion at local traffic hotspots. Many of the schemes will help enhance provision for buses, as well as improving facilities for cycling and walking.

Patrick McLoughlin said: “This government is taking action on both jobs and growth. The schemes we have announced today are designed to target key bottlenecks around the country, making life easier for the thousands of motorists and businesses who use the local road network every day. I look forward to seeing works underway as soon as possible.”

Related Content

  • ‘Shining moment of opportunity for tolling’
    May 5, 2021
    Climate change is already affecting tolling operations in many parts of the world. IBTTA’s Bill Cramer explains how the sector can be seen as a proven funding and financing mechanism for surface transportation
  • Crossrail project receives US$814 million EIB funding
    December 16, 2013
    The European Investment Bank (EIB), Europe’s long-term lending institution, has provided further funds to support the latest step in Crossrail’s development with a loan of up to US$814 million to Transport for London (TfL). The facility will be used for financing a fleet of new high-capacity air-conditioned trains as well as a new maintenance depot. Finance contracts were signed in London this week by Steve Allen, TfL’s Managing Director Finance and Jonathan Taylor, European Investment Bank Vice President.
  • London’s strategy to tackle air quality problems
    October 21, 2014
    Colin Sowman talks to Matthew Pencharz, the man charged with charting London’s path between catering for traveller needs, conserving ancient buildings and conforming to modern air quality standards.
  • Rapid growth makes Texas an incubator for tolling innovation
    September 8, 2014
    As the IBTTA’s annual meeting and exhibition heads for Austin, Mitchell Beer, president of Smarter Shift, considers the role of Texas in the development of tolling strategies and technology. The State of Texas has always prided itself on being ‘larger than life’. From the sprawling geography of the state itself with its wide open skies, to its entrepreneurial ‘get-it-done’ attitude, Texas exudes an impatient restlessness that pushes businesses and public agencies to deliver faster, better results. More ofte