Lower Thames Crossing: Finance
The question
To ask the Secretary of State for Transport, what estimate she has made of the potential cost to users of a Regulated Asset Base model for the Lower Thames Crossing.
Answered by Simon Lightwood
The road user charging regime for the Lower Thames Crossing has not yet been set. The exact level of charges that are appropriate and how this interacts with the level of private investment will be the subject of future analysis and has not yet been finalised.
Charges are necessary to cover the costs of providing the infrastructure, whether funded publicly or privately. Regulatory oversight will ensure transparency, fair pricing, and performance standards throughout the life of the asset to promote financial sustainability and user interests.
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