Transport spending announced in budget | Smart Highways Magazine: Industry News

Transport spending announced in budget

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The Chancellor Philip Hammond has announced £270 million in spending on “disruptive technologies” including driverless cars.

Mr Hammond said the money is,”To keep UK at the front of disruptive technology,” and that the cash would also go towards helping the UK lead the world “in the development, design and manufacture of batteries that will power the next generation of electric vehicles, helping to tackle air pollution”.

He’s also announced a major local funding boost to tackle congestion in his first Budget, with a £690m competitive fund for English councils to “get local networks moving”.

The Treasury announced that £490m of this cash would be made available by early autumn 2017, giving the Department for Transport a much needed quick win after the Southern rail debacle.

A further £90m will be allocated to the North and more than £23m for the Midlands from a £220m fund to improve congestion pinch points on national roads, announced in the last Autumn Statement.

Mr Hammond was Secretary of State for Transport in the Coalition Government at the beginning of the decade.

 

 
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