Council earmarks extra £4 million for highways capital budget
As part of its £150 million investment into roads, the county council has allocated an additional £3,869,000 for Gloucestershire’s highways capital budget.
Since the capital highways budget was approved earlier this year, a further £3.869 million has been identified and added to the pot.
Of the extra funding, £0.563 million has come from a Department of Transport (DfT) grant and £1.706 million is from external contributions. £1.090 million from last years revenue contribution and £0.500 million from 18/19 revenue contribution has been included, and £10k from Section 106 developer contributions.
Full council approved the estimated £34.336 million capital highways budget in February 2018. Next week, cabinet is being asked to approve a breakdown of this funding and how it’s allocated to specific budget pots and individual schemes.
Vernon Smith, Gloucestershire County Council Cabinet member for roads and flood said, “I’m sure residents will join me in welcoming this additional money to help improve our roads and invest into our highway schemes.
“As a council, we’re doubling our investment into resurfacing this summer and have committed £150 million into the county’s roads over five years.
“With all our planned works in the coming years we’re focusing on making sure our road network is as efficient and safe for all road users as possible. There is still a lot to do – so I ask that you please bare with us.”
See the full Highways Capital Programme 2018/19 report to be considered by cabinet here.