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Proceeding contribution from Lord Hammond of Runnymede (Conservative) in the House of Commons on Tuesday, 26 October 2010. It occurred during Ministerial statement on Transport (Investment).


Transport (Investment)

To clarify, the scheme to which the right hon. Gentleman refers is one of the schemes in the pool of projects submitted to the Department before the cut-off date that we announced in June, but it has not yet been appraised by the Department. The Department will now make a rapid assessment of the scheme—the right hon. Gentleman asserts that it is extremely high value for money, but I can tell him that the promoter of every single scheme that I have come across asserts that their scheme is high value for money. A number of these schemes will then be accelerated into the development pool so that we can do further work on them with the promoters during 2011 with a view to allocating funding at the end of 2011. I would say to the right hon. Gentleman, as I said to my hon. Friend the Member for Cheltenham (Martin Horwood), that if a rail scheme is not successful in this funding process, it will of course be possible for it to be put forward as a proposal for the next control period of Network Rail's capital enhancement settlement.


Secondary information

Type
Proceeding contribution
Reference
517 c185 
Session
2010-12
Chamber / Committee
House of Commons chamber
Subjects
Bus services Bridges Investment Public transport Public expenditure Transport Tolls
Link
View this Proceeding contribution on www.publications.parliament.uk