§ 46. Sir L. Ungoed-Thomasasked the Minister of Transport what will be the estimated annual national saving by reason of the construction of the present section of the M.1 after the expiration of the eight-year period in which it will have paid for its construction.
§ Mr. Marples:I cannot usefully add to the information given in reply to my hon. Friend the Member for Twickenham (Mr. Gresham Cooke) on 25th January. The economic benefits of the M.1 will, of course, continue for many years, but it is too early to attempt to estimate their value beyond the period to which I then referred.
§ 47. Sir L. Ungoed-Thomasasked the Minister of Transport what is the period for which he has budgeted for motorway construction; and what are the annual amounts to be spent on motorway construction during that period.
§ Mr. Marples:If the £164 million estimated Government expenditure on the Road Programme in England and Wales in 1961–62 and 1962–63, rather less than a half is earmarked for motorway construction. In succeeding years, expenditure on the motorways will be phased so as to secure the substantial completion of the Five Major Projects and at least the start of the Yorkshire Motorway over the next five years.