DTp spend!
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2pc less
THE REDUCTION in the Depai ment of Transport's direct e penditure during 1981-82 will I
about £11m at November 19. price levels. This 2 per cent fi
was announced by Transpc Minister Norman Fowler cor menting on the public expenc ture reductions made by ti Chancellor earlier this week.
"Some of this reduction w have to fall on -spending
motorways and trunk roa( spending, but this will remain substantial programme. Hic priority schemes will go aheE as planned," said Mr Fowler.
The Minister has also a nounced the external financir limits which control the amou of finance, grants and borrowir which an industry can raise any financial year from extern sources.
The limit announced for tI National Freight Company Elm and the limit for th National Bus Company is £75m The limit for the National 131 Company includes new bL grant.