Charlie Henderson, PA Consulting Group’s transport expert comments: "Since the emergency Budget in June 2010, local authorities in the UK have been seeking to rationalise their spending. Local transport, along with many other areas, has been hit hard. So the recent announcement of additional funding to local authorities for transport projects is welcome news.
The funding aimed at sustainable transport projects, has the potential to stimulate significant economic growth. Clearly there will be the direct economic and social benefit of additional expenditure. But these funds will also enhance the UK's capabilities in the sustainable transport sector, a sector that is growing rapidly.
In the light of spiralling fuel prices, this type of targeted funding initiative makes sense - sustainability is a key issue. The challenge to local authorities is to convert this expenditure into tangible benefits for the travelling public and develop local businesses who can contribute to sustainable transport propositions. This requires both an understanding of transport, innovation and the commercialisation process.”
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