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Author: Sal

Isle of Wight Get £325m To Sort Out Roads

Tuesday, 25th March, 2008 at 12:57 pm, Isle of Wight

Island-wide, Travel

Latest just coming in on the newswires is that Transport Minister Rosie Winterton announced today that she has approved a £1.19bn Private Finance Initiative improvement package.

The Isle of Wight Council will receive £325m in PFI credits to sort out our roads over the next 25 years.

Also receiving PFI credits towards road works are Sheffield City Council with £663.8m and the London Borough of Hounslow who get £198m in PFI credits.

Councils now have to draw up an Outline Business Case with work scheduled to start in 2011.

Later confirmed by the Isle of Wight Council.

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3 Responses to “Isle of Wight Get £325m To Sort Out Roads”

  1. Click if you like this comment Isle of Wight Roads To Be Improved Thanks To Huge PFI Cash Boost | Ventnor Blog:Isle of Wight     says:
    25, March 2008 at 7:25 pm

    [...] 25th March, 2008 (53 minutes ago) at 6:31 pm (53 minutes ago), Isle of Wight Following news earlier on the blog today – here’s the council’s official statement. [...]

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  2. Click if you like this comment Council To ‘Rationalise’ Car Parks And Issue 4×4 To Each Islander | Ventnor Blog:Isle of Wight     says:
    1, April 2008 at 12:01 pm

    [...] at 11:57 am (3 minutes ago), Isle of Wight Following the news from the government of the release of £325m from a PFI, the Isle of Wight Council has decided to take a novel approach to the problem of it’s ropey [...]

    (Report comment)

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  3. Click if you like this comment Island PFI Road Scheme Explained (Podcast) | Ventnor Blog:Isle of Wight     says:
    5, June 2008 at 12:52 pm

    [...] Thursday, 5th June, 2008 (5 seconds ago) at 12:51 pm (5 seconds ago), Isle of Wight There’s been much written about the £325 million pounds that have been raised through Private Finance Initiative (PFI) for roads on the Wight. [...]

    (Report comment)

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