Welsh Highways Repairs - £60m Borrowed
14 May 2012
Welsh Councils will be allowed to borrow £60m to fund road repairs this year.
The money is being provided by the Welsh Government under a 22-year "mortgage-style" agreement to help offset cuts in public spending. Over the next three years it is predicted the funding scheme will bring in about £170m for highways maintenance.
Will this be a new way of funding the badly needed repairs on our highways? Perhaps it is, the recent bad weather and cuts in spending have made this a difficult problem to fix.
For more on this story see the Construction Enquirer