Cash support for Wokingham’s transport needs

 

         Following meetings at the Transport and Housing departments in Whitehall, the  Housing Minister Mark Prisk has offered up to £2.5 m to Wokingham Council to help with improved transport links especially including a new  bridge over the railway as part of Wokingham’s redevelopment plans.  Wokingham can also apply for additional money from the £225 m development funds as and when housing plans are more advanced, if they need state financial assistance.

        John Redwood said ” I am glad to have helped Wokingham Council gain access to money to help deal with Wokingham’s transport  and development needs. Whilst the housing development should be largely or wholly privately financed, we do need assistance with roads and related infrastructure.”

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2 Comments

  1. Lord Blagger
    Posted December 13, 2012 at 9:32 am | Permalink

    More subsidy paid for by people who don’t use the service.

    There’s a very clever financial instrument used that can pay for improvements to services, as well as the service itself. It doesn’t need complex regulation, or tax payers money. It’s called a ticket. When and only when you need to use the service, you buy the piece of paper and it entitles you to the service.

    • alan jutson
      Posted December 30, 2012 at 8:34 am | Permalink

      Lord Blagger

      Whilst I agree the revenue from Tickets should fund the railway, we are talking here of a flyover, which will go over the railway and relieve traffic congestion.

      The railways already have a level crossing which works, so why should they pay for a flyover which will give them zero improvement in their services to their customers.

      I think rail fares are rather too high at the moment, to add to them for a known no improvement in their service, would seem daft.

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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