(04 Apr 2022, 3:40 pm)Andreos1 wrote https://www.transportnortheast.gov.uk/la...ouncement/
Updates to this.
"Tobyn Hughes, Managing Director, Transport North East, said: “This announcement is great news for the region. The government has clearly recognised how important bus and Metro services are to the North East."
Really? We've been given around 20% of what we stated is required, yet Tobyn is still celebrating it as some great recognition of the North East. It's no wonder we politically struggle to get transport investment in the region, when we're always asking for a golden ticket, but happy to take a kick up the backside instead.
"This has been recognised by a funding award of £163.5 million over three years. This breaks down as £73,758,353 capital to prioritise buses on busy routes, and £89,762,819 revenue to support improved fares and services for local people – one of the highest allocations in the country."
The original split in the plan was -
£495.6 million of this funding is capital, to fund new bus priority infrastructure, waiting facilities, new buses, and new ITS equipment. (61.6%)
£123.6 million of this funding is revenue support, to subsidise the continuation of existing services in light of Covid-related financial shortfalls. (15.4%)
£184.7 million of this funding is revenue support to support the introduction of lower fares and expanded route networks (23.0%)
With the split Transport North East are confirming today, that's around 45% on infrastructure (such as bus priority) and 55% on subsidising bus services, with the aim of improving the networks and delivering lower fares. Given that is over three years, I'm not convinced the money will go very far at all...