PARLIAMENTARY WRITTEN QUESTION
Tyne and Wear Metro: Finance (30 November 2015)
Question Asked
To ask the Secretary of State for Transport, with reference to paragraph 3 (d)(a) of the North East Devolution Agreement, what funds the Government will provide for phase 2 of the Metro.
Asked by:
Bridget Phillipson (Labour)
Asked by:
Bridget Phillipson (Labour)
Answer
The Spending Review 2015, as announced last week by my Right Honourable Friend, The Chancellor of the Exchequer, confirmed that a total of £120m has been allocated by way of capital grant, for the five year period 2016-2017 to 2020-2021, for Metro reinvigoration phase 2.
This represents total central government funding of £317m to support asset renewals on the Metro since 2010 and will allow Nexus to plan with certainty its programme of works over the next five years.
Answered by:
Andrew Jones (Conservative)
7 December 2015
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