2.9 Investment

2.9.1 Spending was maintained at a high level through the first two years of the LTP2 period.

  • Approximately £67 million was spent on minor capital transport schemes across Greater Manchester over the two year period. This was 97% of the total allocated, with some of the remainder being spent on additional maintenance.
  • Approximately £78 million was spent on highways maintenance over the two years, considerably more than the £58 million allocated (134%).  These maintenance funds were transferred from minor works LTP funds, or were additional funding provided from authorities own resources (such as prudential borrowing).
  • Approximately £65 million was spent on major schemes (those costing over £5 million) over the two years, including the completion of the SEMMMS and Northern Orbital QBC schemes.
  • Other funds provided via the LTP include; approx £7m p.a each for SEMMMS area minor works (in Stockport and parts of Tameside and Manchester) and the GM Transport Infrastructure Fund (which is primarily for investment in Bolton and Wigan in recognition that these areas will not benefit from the Phase 3a Metrolink extensions).
  • £28 million of additional funds from other budgets, the private sector and other sources contributed to LTP schemes.