Part of the debate – in the House of Lords at 3:15 pm on 10 January 2018.
My Lords, as set out in last year’s Transport Investment Strategy, our investment seeks to reduce congestion, raise productivity and support new housing. We estimate from investment appraisals that local major road schemes approved by the department since 2012 will produce an average of £4.50 return for every £1 invested. The department’s evaluations found that local major schemes have been successful in delivering reductions in congestion, often leading to better access to employment and local businesses.