Highways infrastructure spend
Case reference FOI2025/00520
Received 14 March 2025
Published 27 March 2025
Request
Where the extra £13•5 million being spent on the highways indastructure is actually coming from? as a Councillor has stated its not from central goverment but being borrowed?
Under the Freedom of information act I want to know where exactly this money is being borrowed from and how you intend to pay it back without it costing the taxpayer.
Response
Where the extra £13•5 million being spent on the highways indastructure is actually coming from? as a Councillor has stated its not from central goverment but being borrowed? Under the Freedom of information act I want to know where exactly this money is being borrowed from and how you intend to pay it back without it costing the taxpayer.
A: The additional £13.5m added to the capital programme on 7th February 2025 at full council was approved as borrowing from the Public Works Loan Board.
The cost of borrowing will be £675k per annum from 2026/27 and funded from the revenue budget.
Documents
This is Herefordshire Council's response to a freedom of information (FOI) or environmental information regulations (EIR) request.
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