The Chancellor revealed in the Budget that five major roads schemes costing over £1.3bn have been scrapped after failing a further value for money test.
The latest clutch of projects to be cancelled deals another blow to civil engineering contractors following the cancellation of the £1.7bn A303 Stonehenge tunnel and £350m A27 Arundel bypass in West Sussex.
Cancelled projects
Port of Liverpool access: A5036 Princess Way – cost up to £335m
A358 Taunton to Southfields – cost up to £500m – Vinci
M27 Junction 8 Southampton – cost £50m
A47 Great Yarmouth Vauxhall Roundabout – £50m
A1 dualling in Northumberland: Morpeth to Ellingham – cost £390m – Costain
Vinci and Costain were earmarked to deliver two of the projects.
The Treasury said that as part of the government’s commitment to growth, it would take difficult decisions where there was not a clear value for money case to invest.
FIXEDD