A303 and Lower Thames Crossing: Private Finance Initiative

Treasury written question – answered on 27th November 2018.

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Photo of Stella Creasy Stella Creasy Labour/Co-operative, Walthamstow

To ask the Chancellor of the Exchequer, pursuant to the Answer of 21 November 2018 to Question 185590 on A303 and Lower Thames Crossing: Private Finance Initiative, whether the upgrade of the A303 and the Lower Thames Crossing will not include private finance; and what estimate he has made of the cost to the public purse of that upgrade.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

Pursuant to the answer to Question 185590 on A303 and Lower Thames Crossing: Private Finance Initiative, private finance will not be used for the upgrade of the A303 and the Lower Thames Crossing.

The estimated cost of developing and building the Lower Thames Crossing, as set out in Highways England’s public consultation on 10 October 2018, was between £5.3bn and £6.8 bn. The estimated cost of developing and building the A303 Stonehenge scheme, as set out at the Preferred Route Announcement in September 2017, was £1.6bn.

Highways England continue to refine cost estimates as they develop the business cases for these schemes.

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