Lower Thames Crossing: Private Finance Initiative
The question
To ask the Secretary of State for Transport, what estimate she has made of the cost of the proposed local Thames Crossing funded as a private finance initiative.
Answered by Lilian Greenwood
Officials and National Highways are exploring all funding options for the Lower Thames Crossing, including private finance. As with all capital projects, spending decisions will be subject to the upcoming spending review. The assured cost estimate in line with the 2023 baseline for publicly funding the project is £8.95bn, but it is important to recognise that there is a normal level of uncertainty at this early stage of the development of a project of the size and complexity of the Lower Thames Crossing.
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