The Treasury’s decision to discontinue PF2, the updated Private Finance Initiative, resulted in losses of almost £5m for Highways England, the DfT has disclosed. Highways England’s total losses in 2018/19 were £16.091m, compared with £10.385m the previous year. “Highways England incurred £4,946,261 of constructive losses when investments made in the A303 and Lower Thames Crossing projects were withdrawn by the Government in November 2018,” said...
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