hree forecasts for road planning
Page 17
If you've noticed an error in this article please click here to report it so we can fix it.
/UR present difficulties Ls essential to ensure that able resources were not ed by building roads re they were needed, Transport Minister Mr M ulley in the Corns.
:cause of the inevitable Ttainties about trends in prices and the rate of omic growth three sets Lrecasts based on differassumptions — a most ,able, a higher and a r — had been prepared is Department for use in )1anning and design of s.
was arranging that all new road proposals should he tested against the lowest forecasts, went on the Minister.
Even on such a cautious basis the total number of vehicles was forecast to continue to rise substantially so that the continuing national road programme was justified on both economic and environmental grounds.
Companies paying for the installation of rail freight handling facilities could find that after grants and allowances they may have to find less than a quarter of thecost themselves.
Mr Fred M ulley, the Transport Minister, explained in the Commons last week that the rate of grant was to be 50 per cent of the cost of eligible facilities, and the balance would qualify as capital allowances for corporation tax purposes in the normal way, This could mean, said Mr Mulley. that a company paying corporation tax might have to find as little as 24 per cent of the cost of providing its rail freight handling facilities.
He said that plans for administering the grant had now been worked out and applications could be accepted for grant in respect of projects initiated after July 31, 1974.