§ Mr. Austin MitchellTo ask the Secretary of State for the Environment how much has been lent to Humberside county council and its successor authorities for the construction of the Peakes parkway in all its stages and what is the(a) duration of the loan and (b) the annual interest charge in percentage and cost terms to date. [4332]
§ Mr. NorrisI have been asked to reply.
The total financial support that my Department has given to Humberside county council for Peakes parkway is £8.287 million—£2.869 million of transport supplementary grant and £5.418 million in the form of borrowing approvals. The amount to be allocated to the scheme in 1996–97 will be announced later this month as part of the local transport settlement.
The Government do not specify either the duration or interest rate of any loans that result from borrowing approvals issued to local authorities. These are matters for the local authorities concerned.