Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Bonds for local transport ruled out in short-term

06 July 2012
 

A local authority-owned bond agency that would finance transport and other infrastructure is unlikely to be established in the near future, the Local Government Association has admitted.

The LGA began investigating bond financing for infrastructure after the Government raised the interest rate for borrowing from the Public Works Loans Board – the main source of finance for local authorities – in 2010. 

But in March the Chancellor  announced a reduction in the PWLB...

+73% more

 

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Slough Borough Council
Observatory House, 25 Windsor Road, Slough
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