Laura Sharman 20 April 2018

Liverpool Council to borrow £185m for road investment plan

Liverpool Council to borrow £185m for road investment plan image

Liverpool City Council will invest £200m to improve the condition of roads across the city.

The council has agreed to borrow £185m over a 25-year period at low interest rates to fund the majority of the programme.

It plans to invest £160m in road reconstruction over the next five years, £25m in resurfacing and patching work, and £15m to tackle potholes.

Mayor of Liverpool, Joe Anderson, said: ‘This investment is also good news because it will create jobs in the city as well as generating new apprenticeship opportunities.

‘Ultimately, doing nothing is just not an option as far as I am concerned. Clearly, the deteriorating state of our roads is a national problem, but to do nothing in Liverpool will simply see the cost of fixing our roads soar in future years. This is why we must act now.’

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