Private sector needed to plug 拢10bn funding shortfall, business lobby group says
The CBI has called on the government to privatise motorways and introduce more toll roads to plug an estimated 拢10bn funding shortfall at the Highways Agency.
The business lobby group proposes scrapping the Highways Agency and passing control of Britain鈥檚 motorways to a new regulator, which would 鈥渙ffer franchises to private providers to run parts of the road network鈥�.
Jonathan Cridland, the director general of the CBI, said the nation鈥檚 roads are so drastically underfunded that 鈥渓evering private sector investment is the only way [to fund] a long-term future for roads. The UK road network is the last piece of infrastructure fully funded by the government.鈥�
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