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St Giles Circus (Improvement Scheme)

Volume 649: debated on Wednesday 15 November 1961

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asked the Minister of Transport, in view of the fact that the one-way traffic system, which includes Tottenham Court Road, New Oxford Street, St. Giles High Street and Charing Cross Road, is to be continued indefinitely, whether the proposed £836,000 London County Council road improvement scheme at St. Giles Circus is to be completed; to what use it will be put; and what estimate he has made of the economic return on such expenditure.

Work on the redevelopment of this site has started, and the L.C.C. road scheme now estimated to cost £488,000 will proceed as planned. It will provide valuable additional capacity at this critical junction. The rate of return on the capital cost is not a complete, nor necessarily a true, measure of the value of such schemes. The one-way scheme in this area, which I have said is to be continued indefinitely, is designed to provide the best facilities for traffic under conditions as they are at present.