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)
We have confirmed the massive funding for the Nexus metro upgrade. The issue is not about cuts, but about investing where the best value for money can be delivered, and the Tees valley bus scheme will be accelerated to provide additional and early support to the towns in the Tees valley. The PFI scheme to which the hon. Gentleman refers is simply no longer affordable. These PFI schemes, as he will know, are very expensive and would involve the Department committing for 30 years to a significant revenue stream, which it is just not sensible and prudent in the current environment.
Secondary information
- Type
- Proceeding contribution
- Reference
- 517 c193
- 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
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- 2023-12-15 18:33:00 +0000
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