Author: Sal
Isle of Wight Get £325m To Sort Out Roads
Tuesday, 25th March, 2008 at 12:57 pm, Isle of Wight
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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March 25th, 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. [...]
April 1st, 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 [...]
June 5th, 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. [...]