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Regular news: Issue 557 5 Nov 2010

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Funding / Financing, LTP, All of UK

Baker delights with good news on transport funding

Lee Baker

Senior county officials warmly welcomed the minister for local transport's announcement that the coalition Government will provide all transport capital funding as grant and not as supported borrowing.

Councils across southern England were unable to draw down capital funding the previous Government announced for local transport plans as supported borrowing four years ago, because they would have had to pay for the debt repayments from their own revenue. The problem affected 'floor authorities'...

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