Levelling Up Fund: Transport

(asked on 23rd February 2022) - View Source

Question to the Department for Transport:

To ask Her Majesty's Government, what assessment they make of the (1) risks, (2) benefits, and (3) timing, when a private sector contribution to a funding bid is offered under the Levelling Up Fund for large transport projects; whether they require the project for which Fund finance is being sought to be delivered through competitive tendering; and where tendering is required, what weighting they give to balancing the outcomes of the tendering processes.


Answered by
Baroness Vere of Norbiton Portrait
Baroness Vere of Norbiton
Parliamentary Secretary (HM Treasury)
This question was answered on 9th March 2022

The Department will assess the business cases for all the Levelling Up Fund large transport projects in the same way as we do with other large schemes. This includes an assessment of the risks, benefits and timing of the proposed scheme. The proposed method of procurement will also be assessed; however, procurement is the responsibility of the scheme promoter. Any private sector contribution will need to be underwritten by the scheme promoter.

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