Five road schemes worth £1.3bn axed
Five road schemes worth £1.3bn axed
The Chancellor revealed in the Budget that five major roads schemes costing over £1.3bn have been scrapped after failing a further value for money test.
The latest clutch of projects to be cancelled deals another blow to civil engineering contractors following the cancellation of the £1.7bn A303 Stonehenge tunnel and £350m A27 Arundel bypass in West Sussex.
Cancelled projects
- Port of Liverpool access: A5036 Princess Way – cost up to £335m
- A358 Taunton to Southfields – cost up to £500m – Vinci
- M27 Junction 8 Southampton – cost £50m
- A47 Great Yarmouth Vauxhall Roundabout – £50m
- A1 dualling in Northumberland: Morpeth to Ellingham – cost £390m – Costain
Vinci and Costain were earmarked to deliver two of the projects.
The Treasury said that as part of the government’s commitment to growth, it would take difficult decisions where there was not a clear value for money case to invest.
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