The Yorkshire and Humber economy is expected to receive a £250 million boost from an increased number of motorists using the Humber Bridge, reveals the BBC
The lower tolls come as a result of the Government scrapping almost half the £330 million debt still outstanding on the Humber Bridge. As a result toll charges have been reduced from £3 to £1.50 each way for cars, with Motorcycle tolls removed altogether.
George Osborne said "The evidence we have is that the cut in the tolls will boost the local economy by £250 million over the next generation…It is really good for jobs, people will be able to find work on the other side of the estuary if they haven't got it now."
When bridge tolls in Scotland were abolished four years ago Humber Bridge users watched with envy, however, opinion is divided over the economic benefits of lower tolls.
Professor Tom Rye from the Transport Research Institute at Edinburgh Napier University said: "I think the tolls will have a marginal impact...If you want to improve the economy of the area you have to look at the things that are the real constraints on the economy of that area, and they are unlikely to be bridge tolls."
Despite this, it seems that most drivers welcome a cut in tolls after three decades of paying a high price for crossing the Humber.
(HMc)
Time and date
CONSTRUCTION DIRECTORY
Latest Construction News
21/11/2024
Stepnell has opened its new office in Liverpool, marking a significant step in the company's expansion into the North West. Building on its extensive experience delivering projects across the East and West Midlands as well as South of England, Stepnell is well positioned to serve a broader range ...
21/11/2024
Kier has announced a partnership with Sunbelt Rentals, naming the company as its official supplier of Hydrotreated Vegetable Oil (HVO) fuel. The move marks a significant step in Kier's efforts to reduce its carbon footprint and enhance sustainability across its operations. Over the next year, ...
21/11/2024
Esh Construction has been appointed to lead the next stage of one of the UK's most ambitious urban regeneration initiatives, Riverside Sunderland. In collaboration with Sunderland City Council, the company will deliver a £5.7 million package of infrastructure upgrades to drive forward this ...
21/11/2024
Europe's leading online cleanroom consumables supplier, Cleanroomshop, has recently launched a brand-new website, giving its users an improved user experience. The new website continues to offer over 2,000 products from more than 40 brands, whilst incorporating a new look and more efficient ...
21/11/2024
At Ecomerchant, we offer a carefully curated selection of sustainable weatherproofing solutions, including natural lime renders, mineral finishes, and vapour-open waterproofing materials. They help prevent structural damage while ensuring your building can breathe naturally. Our eco-friendly ...
20/11/2024
Construction firm Willmott Dixon has partnered with Westminster City Council on a £36 million project to restore the historic Seymour Centre in Marylebone, a Grade II listed building dating back to the 1930s. The project, procured through the SCF framework, will see the three-storey centre undergo ...
20/11/2024
The Hill Group has commenced work on a new development in Billericay, Essex, which will deliver 179 high-quality homes across a 20-acre site. Designed to blend with Billericay's scenic countryside while addressing the pressing demand for sustainable housing, the project is located on Kennel Lane ...
20/11/2024
Extensive groundwork is underway for a new housing development in Maidstone, where Vistry Group, in partnership with Legal & General Affordable Homes, is set to build 272 properties on the site of the former Tovil Quarry off Farleigh Hill. The project will include 37 affordable homes for low-cost ...
20/11/2024
Stonewater has scooped a new energy efficiency retrofit contract with compliance and energy services provider Correct Contract Services. This work, funded through the Social Housing Decarbonisation Fund (SHDF) Wave 2, will include a range of energy-saving upgrades. Measures such as loft ...
20/11/2024
Kier has been appointed by Cambridgeshire County Council to deliver building, mechanical, and electrical maintenance services across the Council's portfolio of 160 corporate buildings. The contract, which began in November 2024, will run until 2027, with the possibility of two one-year extensions ...