25 March 2013/Categories: Industry News
Transport secretary Patrick McLoughlin has given the green light to ten new schemes that are aimed at removing troublesome bottlenecks across the UK's road network.
An initial £25 million of funding will be released so that the projects can be completed early.
The money will be issued as part of the overall £170 million Local Pinch Point Fund and it is hoped the improvements will provide the economy with a significant boost.
Congestion is a major problem in certain parts of the country and a study conducted by Inrix and the Centre for Economics and Business Research last year showed that traffic jams cost the nation £4.3 billion a year in lost productivity.
"I want to see this work underway and shovels in the ground as soon as possible, so today I am announcing £25 million to fast track the first ten schemes," Mr McLoughlin remarked.
Of the ten projects that have received funding, four are expected to start in the next few weeks.
Number of views (2014)