Question to the Department for Transport:
To ask the Secretary of State for Transport, pursuant to WPQ 17032, at what level are the charges expected to be set for the Lower Thames Crossing.
The level of charges has not yet been set and is subject to ongoing analysis and development of the project. Under the Regulated Asset Base model, which is the government’s preferred funding structure for Lower Thames Crossing, the charge levels will be set to cover the economic and efficient costs of service provision, including a fair return on investment for the private sector, with a regulator in place to protect user interests.