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Birmingham borrows on bus lane revenue

26 May 2017
 

Birmingham City Council is to use bus lane enforcement income to pay back prudential borrowing for transport improvements. The council has identified road and bridge projects to be funded by prudential borrowing and proposes annual repayments of £486,000 from surplus bus lane enforcement income for 15 years. The council’s bus lane enforcement generated a surplus of £2.25m in 2013/14, £1.18m in 2014/15, £1.04m in 2015/16, and £791,000 in 2016/17. Birmingham...

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