§ Mr. Alton
asked the Minister of Transport if his Department has approved the Merseyside county council's application for loan sanction on the construction of the Liverpool inner ring road; if not, when it is likely to do so; and how much the total construction cost and the accumulated interest charge repayments will total.
§ Mr. Kenneth Clarke
The Department does not issue loan sanction for individual schemes. Merseyside county council's estimates put the total cost of the inner ring road at about £40 million. Interest charges depend on the proportion of the cost the council chooses to finance by borrowing and the terms of the loan.