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01/08/2016
Plans Approved For £13.3m M181 Motorway Upgrade
Plans have been approved for a £13.3 million M181 motorway upgrade scheme in North Lincolnshire.
Developers Lucent Fund and Maltgrade are planning to build over 6,000 new homes by 2028 as part of the £1.3 billion Lincolnshire Lakes project.
The road scheme, which is predicted to generate up to 4,000 jobs, has been made possible by Government investment to improve the M181 motorway.
Up to £8.6m is being provided by Highways England's Growth and Housing Fund, with North Lincolnshire council using developer contributions to fund the rest of the project.
The development involves creating a new roundabout around a mile from where the M181 meets the M180, providing access to new homes and business properties.
A detailed design of the project will be completed later this year and construction is due to start early next year.
Transport Minister John Hayes said: "This exciting project is an important part of our £15bn road investment strategy to deliver better journeys and help people get about and get on.
The new junction on the M181 in North Lincolnshire will help the local economy to grow - delivering 4,000 jobs, 6,000 homes and opportunity for people in the area."
Council Leader Liz Redfern added: "This marks yet another milestone in this huge development – the largest housing regeneration scheme in the North of England. Developers Lucent Fund and Maltgrade have now received the go-ahead for the two largest phases of the scheme and we have yet to receive further applications for the remaining homes that will complete the development.
"Besides new homes, there'll be new schools, pubs, restaurants, lakes, sport and leisure activities and community centres plus much more."
(LM/MH)
Developers Lucent Fund and Maltgrade are planning to build over 6,000 new homes by 2028 as part of the £1.3 billion Lincolnshire Lakes project.
The road scheme, which is predicted to generate up to 4,000 jobs, has been made possible by Government investment to improve the M181 motorway.
Up to £8.6m is being provided by Highways England's Growth and Housing Fund, with North Lincolnshire council using developer contributions to fund the rest of the project.
The development involves creating a new roundabout around a mile from where the M181 meets the M180, providing access to new homes and business properties.
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A detailed design of the project will be completed later this year and construction is due to start early next year.
Transport Minister John Hayes said: "This exciting project is an important part of our £15bn road investment strategy to deliver better journeys and help people get about and get on.
The new junction on the M181 in North Lincolnshire will help the local economy to grow - delivering 4,000 jobs, 6,000 homes and opportunity for people in the area."
Council Leader Liz Redfern added: "This marks yet another milestone in this huge development – the largest housing regeneration scheme in the North of England. Developers Lucent Fund and Maltgrade have now received the go-ahead for the two largest phases of the scheme and we have yet to receive further applications for the remaining homes that will complete the development.
"Besides new homes, there'll be new schools, pubs, restaurants, lakes, sport and leisure activities and community centres plus much more."
(LM/MH)
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