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Darling pledges ‘green’ transport bank and floats HA funding reform

01 April 2010
Darling: funding boost for low carbon transport
Darling: funding boost for low carbon transport

 

A green Investment Bank to help fund low carbon transport investment and the possibility of the Highways Agency receiving a long-term financial settlement were two of the transport highlights of last week’s Budget statement.

Chancellor Alistair Darling used his final Budget before the General Election to also announce that, because of rising oil prices, this year’s fuel duty escalator would be implemented in three stages. He also extended the escalator (a 1p per litre annual real...

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