A PROJECT to build a new bus station and transport improvements in Mansfield has been given the go-ahead today.
Transport Secretary Philip Hammond announced that the Mansfield Public Transport Interchange scheme would be given a �7.2m contribution towards a total cost of �8.9m.
The project had been on hold following the Government's spending review in October, when it was named as one of ten schemes which it was prepared in principle to support.
They were each asked to find savings and nine of them have now been approved, after a total of �45.5m (14%) of savings were identified.
Councillor Richard Jackson, Notts County Council cabinet member for transport and highways, said: "This is great news for Mansfield and I am very pleased that we have been given approval for most of the money we were expecting.
"We will be able to make up the shortfall and we are almost ready to start work.
"The relocation of the bus station is the key to unlocking major development plans for Mansfield town centre when the site of the current bus station becomes free.
"This will, potentially, bring in investment of up to �60 million and create 950 jobs."
Mr Hammond said: "The Government is committed to delivering transport projects which improve journeys while also helping economic growth.
"Following the spending review we challenged local authorities to look again at the cost of proposed schemes to ensure we get maximum value for every pound we spend.
"The councils being awarded funding today have met that challenge by achieving a saving to the taxpayer of �45.5m on the original proposed costs.
"That means more money is now available for other schemes across the country and I would urge other councils to follow this lead as they bid for funding.
"This will allow us to fund as many schemes as possible, delivering improvements to roads and public transport across the country."
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