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M40

Volume 14: debated on Tuesday 8 December 1981

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asked the Secretary of State for Transport what will be the total cost of the M40 between Waterstock and Umberslade, inclusive of the cost of the M40 to North Oxford link road and of the Umberslade interchange.

asked the Secretary of State for Transport if he will give the economic rate of return in terms of the net present value for the low traffic growth forecast for the following sections of the proposed M40: (a) the Warwick to Umberslade section of the proposed motorway, if constructed by itself, (b) the Waterstock to Warwick section, (c) the complete proposed M40 between Waterstock and Umberslade, inclusive of the cost of the Umberslade interchange with the M42, (d) the link between the M40 and North Oxford and (e) the Wendlebury to Gaydon or Banbury bypass section for which side road orders have been published, if constructed by itself.

The provisional net present values for the several sections are:

  • (a) M40 between Waterstock and Umberslade including the Umberslade Interchange:—£34–2 million—low growth—£115·4 million—high growth.
  • (b) M40 Waterstock to Warwick length, including the related link to Oxford:—£22·7 million—low growth—£106·7 million—high growth.
  • Separate figures are not available for the remaining sections or for the M50 Waterstock to Warwick length on its own.