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katex · 09-06-2008, 09:22

A little more information on what is going on :-

'In total, £3bn will be raised for improvements to public transport across the ten GM councils. £1.2bn will come from the DfT (central government) phased over a ten year period. The remaining £1.8bn will be from prudential borrowing offset against the predicted future income from the congestion charge, paid back over a 30 year period. Not ideal (the loan) but people insist on having the public transport improvements in prior to the charge being brought on line and this is the only realistic option to lever in those sums of money.

In terms of the public transport infrastructure the money will deliver, it will be on the scale no authority outside of London has ever seen. New buses, new trams, new tram lines, properly managed car parking in the city centre, new rail cars etc. It will be great but we still have to get through the public consultation over the summer. One issue is that if the public don't support the improvements (plus charge) then the whole scheme is in jeopardy. We'll just have to wait and see.'

Please don't come back to me on this, just a few more details for you.

09-06-2008, 09:22	#8
katex Resting in Peace Join Date: Oct 2005 Location: Clayton-le-Moors Posts: 10,551 Blog Entries: 3 Liked: 16 times Rep Power: 11259	Re: manchester to get congestion zone... A little more information on what is going on :- 'In total, £3bn will be raised for improvements to public transport across the ten GM councils. £1.2bn will come from the DfT (central government) phased over a ten year period. The remaining £1.8bn will be from prudential borrowing offset against the predicted future income from the congestion charge, paid back over a 30 year period. Not ideal (the loan) but people insist on having the public transport improvements in prior to the charge being brought on line and this is the only realistic option to lever in those sums of money. In terms of the public transport infrastructure the money will deliver, it will be on the scale no authority outside of London has ever seen. New buses, new trams, new tram lines, properly managed car parking in the city centre, new rail cars etc. It will be great but we still have to get through the public consultation over the summer. One issue is that if the public don't support the improvements (plus charge) then the whole scheme is in jeopardy. We'll just have to wait and see.' Please don't come back to me on this, just a few more details for you.