It should come as no surprise that the £5 billion for local transport in the regions of England is overblown. Firstly, it is over years i.e. £1 billion capital spend year split between England's eight non-London regions. That is £125 million per region for five years.
It sounds as if it is mostly capital spend, and I am not sure if it is even new money or a recycled announcement. Given repaving one kilometre of pavement costs about £150,000 and resurfacing one kilometre of carriageway about £100,000; that kind of sum will not go far with say, the whole of East Anglia.
It certainly does not begin to make up for the last decade of cuts.
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