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Regular news: Issue 602 3 Aug 2012

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Milton Keynes borrows £50m for roads repairs

MILTON KEYNES Council is to borrow £50m for planned maintenance in order to tackle a backlog of repairs.

The move allows the council to start a seven-year, £77.8m capital programme this year, including £27.7m in Whitehall allocations and £50m from prudential borrowing.

The decision to use prudential borrowing was endorsed by the council’s cabinet as officers warned that Milton Keynes’ highway infrastructure, “constructed over a relatively short period...

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