Tuesday 19 January 2021 | < back | business | images | knowledge | library | rail unveiled | home |
![]() | archive |
![]() ::: Eurostar risks collapse after Covid restrictions bite |
![]() Railhub Archive | ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Department of TransportTransport report gives spending for the next three years
Governments planned transport expenditure of around #13 billion over the next three years - 1996-97 to 1998-99 - announced in the Budget last November. In his foreword to this years report, the Secretary of State, Sir George Young, sets out his principal aims: - to promote an efficient market, with prices reflecting the true costs of transport; - to enable the market to provide greater choice by substantially increasing opportunities for private sector involvement; - to assist economic growth and to provide greater choice in good quality, safe and accessible services for all transport users. His objectives and priorities for the coming year are: I. to reduce the adverse impact of transport on the environment; II. to promote UK transport policies and interests internationally; III. to continue rail and ports privatisation; IV. to promote more efficient, effective and responsive use of Departmental resources; V. to conduct licensing, regulatory and grant-payment services effectively and economically, maintaining a high quality of service to industry and the general public. In pursuit of these objectives, the Department has the following plans for the next three years. National railways and London Transport Top priority for this year was to protect funding for public transport, including national railways and London Transport. Government estimates of the funding requirement of the restructured railway are given in the Report. The Government will continue to provide sufficient funding to maintain BR services and to support franchised services. As last year, the reports of the Office of Passenger Rail Franchising (OPRAF) and of the Rail Regulator (ORR), separate Departments established under the Railways Act 1993, are incorporated. Public funding for London Transport over the next three years is expected to be just over #2 billion, which will allow LT to invest some #2.5 billion, taking into account revenue from fares and other internally generated resources. This includes funding to allow for the completion of the Jubilee Line Extension to Docklands. National roads A total of #4.5 billion (including current and capital expenditure) is planned to be spent on national roads over the next three years. The roads programme stands to benefit from over #1 billion of privately funded Design, Build, Finance and Operate (DBFO) schemes. A thorough review of the roads programme, taking into account a reassessment of what is both publicly acceptable and affordable, has led to a reduction on last year's plans. Local authority transport Over the next three years, #2.3 billion has been allocated in support of local authority expenditure on transport. Within the overall settlement for local authorities in England, resources for investment in bus priority, park and ride, cycling and pedestrian measures have increased by 23 per cent on last years figures. The number of packages accepted for funding in the coming year has increased from 37 to 53.Aviation and Shipping The Civil Aviation Authority will be making a net contribution to the National Loans Fund, repaying previous Government loans. CAA will recover VAT on most of its activities under new arrangements introduced in May last year, offsetting the net reductions in public funding from previous plans. Funding for COASTGUARD and the Marine Safety Agency remains at around the levels planned last year. Private Finance Initiative The Department will continue to look for ways of increasing the role of the private sector in transport provision. Over the next three years, public funding for transport will be supplemented by around #3.5 billion of private sector investment. In total, 37 road projects are expected to be delivered through DBFO. The successful bidder has been announced to design, build and operate the Channel Tunnel Rail Link with a capital cost of about #3 billion. London Transport are in discussion with the private sector on potential schemes for power supply, electronic ticketing and revenue collection and communications. CAA are on course to let the contract for the privately funded New Scottish Centre for Air Traffic Control later this year. Administrative costs The Report gives details of the Departments administrative costs and staff numbers including its eight Executive Agencies. Total staff numbers have been further reduced over the past year by around 930, ensuring that the Departmental efficiency target set in 1994 has been fully met. Notes to Editors 1. "Transport Report 1996: The Government's Expenditure Plans for Transport 1996-97 to 1998-99" (Cm 3206) is available from HMSO, price #13.10. The Report brings together information about transport policies and Government spending on transport, including the nationalised industries. 2. This Report gives more detailed information about expenditure set out in the Supply Estimates, to be published on Tuesday 26 March, which are the Parliamentary documents which authorise the spending of money in the coming year. This year, the Supply Estimates have been simplified and the Report written to facilitate read-across between the two documents. 3. Information on expenditure on roads and transport in Scotland and Wales is contained in reports of the Scottish and Welsh Office respectively. 4. The main figures for Government spending in 1996-97 and the following two years were announced in the Chancellors Financial Statement and Budget Report ( 28 November 1995, HC No.30 - DOT Press Notice 380). The Transport Report gives more detail and background on the underlying spending decisions. 5. The local transport settlement was announced on 19 December 1995 (DOT Press Notice 433). 6. The Transport Report is part of a series (Cm 3202 to 3220) which, accompanied by the document Public Expenditure: Statistical Analyses (Cm 3201) present the Governments expenditure plans for 1996-97 to 1998-99. # = pounds sterling
Railhub Archive ::: 1996-03-25 DoT-001 | ![]() ![]() Tuesday![]() ![]() ![]() ![]() ![]() 1 story ![]() ![]() |