19:12 The Parliamentary Under-Secretary of State for Transport (Norman Baker)

Let me preface my remarks by referring to the recent statements by both the Secretary of State for Transport and the Chancellor, and the related documents, which have been placed in the Library, on investment in strategic highways, and local major transport schemes. As the Chancellor stated in the October spending review announcement, the Government are determined to invest in Britain’s long-term economic growth, through areas such as transport, science and green energy, as these will help to ensure that the economy is broadly based and less susceptible to failures in one sector. It is for that reason that transport spending has been prioritised as one of the main areas of capital investment over the next four years. On 26 October, the Transport Secretary was able to announce his plans for investment in strategic and local roads. On the strategic road network, he was able to commit to completing the eight major road schemes currently under construction by 2015, at a total cost of £900 million, as well as a further £1.4 billion to fund new strategic schemes between now and 2015.

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