Question to the Department for Transport:
To ask the Secretary of State for Transport, what estimate he has made of the total of each cost heading for transfer of the Highways Agency to a government-owned company.
The Government has published an Impact Assessment detailing the estimated cost of roads reform and transforming the Highways Agency into a Strategic Highways Company. We have estimated these costs as a one off transitional cost of £11 million (the cost of necessary reform to Department for Transport, Highways Agency, the monitor and watchdog) alongside average annual costs of £10 million going forward; this will generate an estimated annual benefit of £380 million.