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Great Barford By-pass

Volume 449: debated on Monday 24 July 2006

To ask the Secretary of State for Transport what the original estimate of cost was for the Great Barford by-pass; and what the anticipated outturn of expenditure is. (87431)

The original estimated cost of the scheme at TPI entry in 1998 was £25 million and excluded VAT, ‘optimism bias’ projected inflation and revising costs in line with the road construction price index.

Following the application of these Treasury Green Book principles in April 2003, the costs of schemes submitted for TPI entry approval have been reported including the above items. The estimated cost for the A421 was then adjusted to £37 million. A budget increase to £58 million was approved by Ministers prior to start of works.