TRANSPORT PROJECTS in the South East planned between now and 2026 face the axe even if current funding levels are maintained, the South East Regional Assembly said this week.
Assembly planning implementation director Martin Tugwell said: 'We identified £12bn to £27bn that we need to invest for transport infrastructure in south east England in the 20 year period to 2026.
'We looked at current levels of expenditure, and identified a funding gap for transport and housing of £5bn to £8bn. However, this assumes the current level of investment is maintained. But with the Comprehensive Spending Review in the summer, this is not guaranteed.' Preliminary gures presented to the regional assembly suggest that even if funding is maintained, a £1.7bn gap remains for transport alone.
'We need more resources for the region because our biggest problems are affordable housing and transport.
We have indications of funding through regional funding, the Transport Innovation Fund and the Community Infrastructure Fund, reafirming this gap, ' Tugwell said.
Five South East schemes under threat
Ashford Bus Rapid Transport
Reading station upgrade
Western corridor and Blackwater Valley AirTrack
Milton Keynes Busways scheme
Sussex coastal expressway