Council Cabinet approves £120m road and building repair funding proposal

Oxfordshire County Council’s cabinet has agreed to borrow up to £120m to invest in infrastructure improvements – easing the spending squeeze on road and property repairs (September 18th).A report discussed today acknowledges that under-investment has resulted in significant reduction in quality of major and minor roads, as well as pavements, with an increase in car damage and personal injury claims.Residents regularly say that they want to see improvements to the roads, and the investment proposal means the whole county would be benefit from a ‘growth dividend’.And now today’s decision means around £80m could be spent on highway improvements, with the rest of the £120m used to invest in other county council-owned assets especially schools. Detailed business cases will be produced for each proposed project funded from the investment pot.