Selling-off the Highways Agency road network could raise vast sums of money for the Government but could only happen if private operators could receive a dedicated funding stream – such as from road pricing.
This is one of the key messages in a paper on reforming road governance prepared for the RAC Foundation by John Smith, a Competition Commission economist who was previously director of regulation at Anglian Water and later at Railtrack.
Smith contrasted the way roads are managed with...
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