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Proceeding contribution from David TC Davies (Conservative) in the House of Commons on Thursday, 19 May 2011. It occurred during Adjournment debate on Severn Crossings Toll.


Severn Crossings Toll

I appreciate that clarification. However, we are about five or six years away at most from the estimated date of handover. By that time, I would expect people in the Minister's Department or the Treasury to be thinking about what we will do next. I understand that the current plan for the next five years after 2017 is that the tolls will continue at the current level in real terms and that the money will be set aside for a sinking fund. To date, no one has even talked to SRC about who is going to man the toll booths or do the maintenance. It surprises us that more work has not taken place and that there is not greater clarity about what is going to happen. Certainly, at some point, the bridge will be in public ownership, both bridges will be paid for and a large profit will be being made by someone. However, it is not being made at the moment and, in fact, the evidence suggests that SRC will not make that big a profit. SRC's shareholders are not a load of people in top hats somewhere in the City of London; they are anyone who happens to have a private-sector pension. We often forget that when we talk disparagingly about shareholders. At some point in the next 10 years, a large sum of money will be being made from what is basically a tax on the people of south Wales and the west country of England, which is not acceptable. We have a right to know what is going to happen and to absolute transparency, so that when the bridge becomes the Government's property, we can open the books and see how much is being used to maintain both bridges and how much is simply going back into Government coffers. We could then put aside some money for future works. I want to squash a couple of myths that are prevalent in the pubs of Monmouthshire and possibly elsewhere. The first myth is that the whole thing is owned by the French Government and that the money will all go back to France. I do not know where that came from, but it is obviously completely incorrect. The second myth that has persistently dogged us over the past few years in Monmouthshire is that the old Severn crossing is falling down and at some point will be closed. We have found absolutely no evidence for that either, and we are assured that that is not the case. We look forward to finding out a little more about what will happen on the happy day when the bridge goes back into public ownership and ceases to be paid for. We also look forward to a day when the tolls can perhaps be set at a level that is fair, that enables the taxpayer not to lose out because the bridges will be maintained and that is beneficial to all of us who live and work in south Wales.


Secondary information

Type
Proceeding contribution
Reference
528 c169-70WH 
Session
2010-12
Chamber / Committee
Westminster Hall
Subjects
Bridges Taxation Repairs and maintenance Tolls Severn river crossing
Link
View this Proceeding contribution on www.publications.parliament.uk