The government has announced 4 road schemes in Newcastle, Cornwall, Greater Manchester and Southampton, which will generate an estimated £659.3 million in economic benefits for the regions through improved investment, new housing and employment opportunities.
The 4 road schemes which are backed by a total of £160.8 million investment, include:
- £78.5 million for a new 3.85 mile (6.2 kilometre) road linking St Austell to the A30 – the main transport artery in Cornwall, creating 6,300 new local jobs – the scheme will generate almost £112 million in wider economic benefits through reduced journey times, increased investment in the local area and better opportunities for clean travel thanks to a new shared pedestrian and cycle facility running alongside the whole length of the new road
- £35.3 million for essential maintenance to the Tyne Bridge and adjacent Central Motorway, including improvements to traffic management and cycle route facilities – the repairs will generate £130.5 million in economic benefits by improving local connectivity, tackling congestion and poor air quality as they will avoid the rerouting of HGVs through residential areas
- £33.6 million to enhance walking and cycling accessibility and tackle congestion across the A34 between Greater Manchester and Stockport – with estimated economic benefits of £76.8 million, the scheme will support the development of more than 2,500 new homes and 33.3 hectares of employment space, while boosting transport links to Manchester Airport and HS2
- £13.4 million for essential maintenance to the A35 Redbridge Causeway – a vital link between New Forest, Southampton and its port – the scheme is estimated to be very high value for money and will generate almost £340 million worth of direct economic benefits through better connectivity, improved employment and housing opportunities and the expansion of the Port of Southampton.
Baroness Vere, Roads Minister, said:
“We are committed to delivering world-class infrastructure across all parts of the country which supports local economies to thrive.”