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CBI seeks to revolutionise UK road network funding

EMPLOYERS THIS week urged the government to privatise the national road network as part of a plan to ease congestion and increase transport infrastructure spending.

Regional and city transport companies could then replace the Highways Agency, using private finance to top up revenue raised from motorists via tax or tolls.

These radical proposals were published in a Confederation of British Industry consultation document on Monday. Roads to the market* calls on the government to decide how much road and fuel tax revenue it plans to reinvest in transport and ring-fence it, rather than allocating spending on an annual basis.

Funds could then be transferred to the urban and regional transport companies to spend on improving roads or public transport systems.

The CBI also wants a shift away from taxes on fuel and vehicles towards a more direct pay as you go policy for raising money for transport improvements.

*Faxed requests for copies of Roads to the market should be sent to the CBI on 0171 240 0988.

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