Magazine article Public Finance

Scottish Transport Agency Given £3Bn to Invest

Magazine article Public Finance

Scottish Transport Agency Given £3Bn to Invest

Article excerpt

Scotland's new national transport agency will be responsible for a £3bn programme of investment including new rail and road links, Transport Minister lavish Scott announced this week.

Giving details of the role of Transport Scotland, which officially came into operation on January 1, Scott said it would be the key to delivering Scotland's devolved transport priorities for the future.

He added: 'With a capital investment programme of £3bn planned over the next decade, it is vital that we are able to deliver both our rail and road improvements on time and on budget. Transport Scotland, along with our transport industry partners, will help us deliver this.'

Planned projects include a £150m refurbishment of Edinburgh's Waverley Station and, a £160m rail link between Glasgow airport and the city centre. A draft Bill for the provision of the link was submitted to the Scottish Parliament this week.

Transport Scotland is a new executive agency and, as part of the Scottish Executive's enterprise, transport and lifelong learning department, is directly accountable to ministers.

Its responsibilities include the management of Scotland's trunk road and railway systems and helping to develop a national transport strategy. …

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