Lower Thames Crossing has cost £1.2bn even before construction starts

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More than 1.2 billion pounds were spent on the transition to the lower temester, although construction did not even start with a 10 billion tunnel tunnel, the latest sign of the UK’s sclerotic planning system.

According to the National Highways, it was spent 2,000 found sterling, it was spent on planning, consulting, environmental assessment and modeling, as well as legal payments, land purchases and new community forests.

The document published by the agency shows that the total expected value of the program will be 9.2 billion pounds and 10.2 billion pounds, depending on how the construction phase is funded.

14 miles of road and tunnel construction scheme, Kent and Essex have become a tourist planning system, in which enterprises are associated with delays in expensive compliance documents and mountains.

The planning document of the project, in 60 years, all the first new diocese of London, which passes at 359.070, employs about 150 employees, as well as eight strong management team.

The decision to plan Agreement is expected until May 23, with determination how it will be funded by the end of this year.

Chancellor Rachel Reeves has been approved in January that the treasury discusses Private finances for the scheme. A proposal to have a “regulated asset’s base” (Rabbiv) model, which private investors collected their investments from the way of returning their investments in projects, is considered by the treasurer.

This option will cost the Treasury of 200 million to the leading costs than if the government paid directly for the scheme is presented in the national shows. The model used to be used on London’s new Tideway sewerIt would take office to attract almost 2 billion pounds for taxpayers, capturing the total value of the project at least 9.4 billion pounds, indicators show.

The national highways say it is likely that there is a market interest for the delivery of a regulated private organization, citing projects that use the same structure, including the measurable c atolomination.

Investors will be established by the Rabbak, a new company to pay the user’s charges to pay operational and financial expenses.

It will also require a new economic regulator to “protect road users and maintenance from the profit of the unused private entity,” the documents say. Because it will be the first way to build under the Rablon, it is likely to require new primary legislation.

The most expensive method to finance the passage will include a Private Finance Initiative The type of scheme, England highways have found. This will cost taxpayers an additional 1 billion pounds, the total capital value more than 10 billion pounds.

According to this version, taxpayers will pay 4.7 billion pounds for the tunnel, while special importance to roads for roads will be presented for 25 to 30 years.

The cost of the tunnel project has already risen from 5.3 billion pounds and 6.8 billion pounds, when it was first agreed for the first time in 2017 – about 10 billion pounds. If this year consent, construction will begin before the opening of the planned opening from 2026 to 2032.

Chris Todd, the director of the Transportation Network, said that the project is needed to “fundamental Retch” and should be canceled and replaced by public transport alternatives.

“Smaller, affordable railroad schemes can move thousands of trucks from our ways and increase the connection, promoting the economy and social opportunities,” he said.

The government said: We can’t comment on this special scheme later. “

“The national highways said: