UK road repairs – financing found

The UK’s Department for Transport is providing £348 million of funding to help improve local roads over the next four years. This funding will be available for local authorities to bid for, allowing them to work on major maintenance projects, as well as on projects that will ease congestion on the UK’s busiest roads. This announcement follows a £6.6 billion investment in local road maintenance in the last five years The funding will be available in two stages for local authorities to bid for in an effort t
July 19, 2019 Read time: 2 mins
The UK’s 5432 Department for Transport is providing £348 million of funding to help improve local roads over the next four years. This funding will be available for local authorities to bid for, allowing them to work on major maintenance projects, as well as on projects that will ease congestion on the UK’s busiest roads. This announcement follows a £6.6 billion investment in local road maintenance in the last five years

The funding will be available in two stages for local authorities to bid for in an effort to tackle issues on major local roads, from easing congestion through to sorting out potholes.

The first pot of investment, the Challenge Fund, will be available for this year and the next, with just under £200 million on offer. Councils will be able to bid for projects that will improve the quality of roads and surrounding infrastructure - including structures such as bridges and viaducts if necessary - to benefit the local economy and make driving safer. In particular, the funding could be put toward sorting major pothole repairs.

The second set of funding, the Pinch Point Fund, will be available in 2021/22 and 2022/23 and totals £150 million. It will go towards council projects designed to help ease congestion on some of their busiest roads. Previous examples of projects funded through Pinch Point include: improving the links between the A12 and A143 to open up housing and commercial development land; new roads helping buses bypass single lane roads; and new roads to link main roads with new housing developments.
Finance & Funding

For more information on companies in this article

Related Content

  • Chinese firm wins highways expansion project to decongest Nairobi
    January 5, 2017
    A Chinese contractor is carrying out a major road project intended to cut congestion in Kenyan capital Nairobi – Shem Oirere writes Chinese contractor China Wu Yi has won a US$163 million contract for the reconstruction and expansion of a 25km highway leading out of Kenya’s capital Nairobi with financing from the World Bank. The contract was awarded by the country’s National Highways Authority (KeNHA), a state-owned road agency responsible for the management, development, rehabilitation and maintenance of i
    Read More
  • Kazakhstan’s London road show woos consortia for Almaty ring road
    March 2, 2015
    Kazak and EBRD officials visited London to highlight the possibility of a public-private partnership under the country’s revised PPP legal framework. David Arminas reports. To build a road, you go on the road, and that is what Kazakhstan did in London in mid-December. Representatives of more than 100 organisations, a mix of construction companies and financial institutions, attended the roadshow-style presentation to attract foreign capital for BAKAD, the Almaty Ring Road Concession. The message was that Ka
    Read More
  • Europe closes in on the crossings
    September 27, 2017
    The Mersey Gateway bridge project off England’s west coast passed a milestone recently with the first joining of two of the deck sections. The key segments, as the sections are called, link the north approach viaduct to the north pylon deck span and are the first of four deck-joins scheduled for this summer. In total, there are five sections of bridge deck and approach roads that need to be joined.
    Read More
  • Pollution-free highways of the future: a reality?
    February 9, 2018
    More collaboration is needed to reduce the impact of highways on the environment, particularly air quality. The technology already exists, argue Bram Miller* and Martin Broderick* The European Environment Agency produced a report showing that a slow improvement in air quality has been observed across Europe. However, 9% of urban Europeans were exposed to nitrogen dioxide emissions in excess of the EU’s annual maximum limit in 2015. Meanwhile, associations between highways and the environment tend to be n
    Read More

Highlighted Content