Transport Sectretary Philip Hammond this week claimed to have secured the best capital settlement of any department in the Comprehensive Spending Review.
But his comments came alongside a stark warning to local authorities that their cherished major transport schemes only stand a chance of being funded if costs are reduced or local funding contributions increase.
The outcome of the spending review sees the DfT’s budget cut by 15% in real terms between 2010/11 and 2014/15. But capital...
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