The government has confirmed 拢110m of funding towards to the 拢218m cost of Lincolnshire County Council鈥檚 North Hykeham relief road scheme.
The council said that this was enough for work to begin next month on the new dual carriageway between the A46 and A15. Main contractor Balfour Beatty is expected to complete the job in May 2029.
As previously reported, the transport secretary 聽approved the legal orders for the scheme back in November.
The Department for Transport allocated 拢110m back in November 2020 鈥� more than five years ago 鈥� from its 'large local majors' programme. Only now has it finally agreed to actually release the money.
The remaining cost, currently estimated at between 拢203m and 拢218m, will be funded by Lincolnshire County Council and developer contributions, which the council will forward fund.
The road is expected to improve connections into Lincoln, reduce traffic congestion in surrounding villages and open up development land for up to 4,500 new homes to be built around Lincoln.
Lincolnshire County Council selected Balfour Beatty to build it back in April 2022 under a pre-construction services agreement.
Sean Matthews, leader of Lincolnshire County Council, said: 鈥淭his is a huge milestone for the project. We鈥檝e now cleared the final hurdle of getting the final piece of Lincoln鈥檚 ring road built. Now that all funding for the scheme is in place, our focus will be on making sure Balfour Beatty is ready to hit the ground running ahead of breaking ground in March.
鈥淭his road will offer huge economic benefits when it鈥檚 finished, including opening up land for 4,500 homes and 7 hectares of employment space. It will also contribute 拢800m in economic benefits for the county over the next 60 years, which is a massive amount.鈥�
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