Lane Rental scheme

Meeting: 
MQT on 2013-07-17
Session date: 
July 17, 2013
Reference: 
2013/2694
Question By: 
Valerie Shawcross
Organisation: 
Labour Group
Asked Of: 
The Mayor

Question

How much money did the scheme raise in its first year? And what projects did you spend the proceeds on?

Answer

Answer for Lane Rental scheme

Answer for Lane Rental scheme

Answered By: 
The Mayor

Officers are drafting a response which will be sent shortly.

Written response from the Mayor received 7 August 2013

The Lane Rental Scheme raised £1.88 million in the financial year to March 2013, well below the forecast of £4 million, which shows how successful the scheme has been in changing the behaviour of works promoters. The net proceeds, after deducting initial scheme implementation and operating costs, are statutorily ring fenced to be spent on measures mitigating the effects of roadworks on the traffic network. The net revenue from the first year is £624,00, out of which £365,000 was invested with the Transport Research Laboratory in researching innovative measures to reduce disruption caused by roadworks, like rapid curing materials, road plates, and 'keyhole surgery' techniques. The remaining £259,000 has been carried over to be allocated to projects in the current financial year.