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RAC highlights £12.8bn funding shortfall for high value roads schemes

Almost 100 high value roads schemes will not get off the ground because of a £12.8bn funding gap, a report by Arup and the RAC Foundation has found.

The report found that the roads have high cost benefit ratios that is up to five pounds of economic benefits for every pound invested.

Most of the roads identified would be the responsbility of the Highways Agency, but the Agency’s investment budget stretches to only £2.3bn over the four years to 2014/15.

Typically the projects identified are not new routes or megaprojects, but localised interventions at key bottlenecks, bypasses, widening projects and junction improvements.

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