Government Announces £140m Extra Funding For Flood Damaged Roads
The British government has set aside an additional £140 million in funding to help councils repair roads damaged by floods, transport secretary Patrick McLoughlin said.
The government has also increased financial aid for councils looking to repair weather-damaged roads to £80 million. Many areas have been affected by the wettest winter on record - with this in mind the government has also pledged to provide an extra £103.5 million to councils across the UK.
The government said that the £80 million, increased from the previously approved £36.5 million, includes £10 million in additional funding for the roads in Somerset, £30 million for local road flood recovery and £3.5 million of extra funding from the Department for Transport (DfT), as part of the £7 million Department for Communities and Local Government floods recovery package.
The money will add to the nearly £900 million already allocated for road maintenance in 2014, which brings the total amount invested by the government in road infrastructure repairs to more than £1 billion from 2013 to 2014.
The government believes it is important to support businesses and people and this goal is part of a long-term economic plan, says McLoughlin. The additional funding will help make a difference to the millions of people using the roads and to local residents who expect to have smooth and safe journeys, he added.
The extra money will be provided on a formula basis, with the majority of local authorities being able to use the funding as soon as possible and complete the repairs before the summer holidays, McLoughlin concluded.
We can help you with all of your car leasing needs