Road works to provide £18.8bn boost for economy
ROAD works may be the bane of our lives but they are keeping thousands off the unemployment register and giving a boost to the economy, apparently.
More than 9,500 construction jobs will be supported this coming year by £1.9bn of investment in Britain’s roads, according to the Transport Minister Robert Goodwill.
In fact, the total investment in 209 schemes is £4.3bn. According to Government statistics, it is estimated that these road programmes – which will either start or be completed in 2014 – will boost the economy by more than £18.8bn and are part of a £100bn package of investment in Britain’s infrastructure over the next seven years; the largest programme of investment since the 1970s and work that is need to cope with the expected 43 per cent increase in traffic by 2040.
More than half the schemes are due for completion next year. This will be followed in 2015 by an even larger programme of improvement and investment on our major roads, with spending rising to £3bn a year by 2020.
It is hoped that the Government’s £28bn commitment as part of the 2013 Spending Review will deliver extra capacity to our busiest motorways, along with 52 major road projects funded and delivered between this parliament and 2020 and 2021.
Schemes due to start or complete in 2014 include: M4 J19-20 and M6 J5-8 near Birmingham, A11 Fiveways to Thetford near Norwich, M25 J23-27, A45 and A46 Tollbar End and M1 J19 improvements in the Midlands, A23 Handcross to Warninglid near Crawley, the M3 J2-4a in the South East and the A1 Leeming to Barton in the North of England.