New government’s traffic jam-busting plans hit by gas sales plan
The new government’s plans to build new roads and invest more money in the railways are in doubt because of a potential lack of money, the Telegraaf reports on Monday, quoting sources in The Hague.
For years, major spending on the infrastructure has been funded by natural gas sales via a special budget known as the FES fund.
But the new government agreement states that the money held by the FES fund is to go directly to the treasury instead. That means effectively up to €3bn a year will be cut from transport ministry spending, the paper says.
The government agreement sets aside an extra €500m for spending on the roads but insiders told the paper that will not last long.
‘Combating congestion will grind to a halt,’ said Labour MP Diederik Samsom.
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