Sir Christopher Chope

Sir Christopher Chope

Conservative — Christchurch

Speaking in the House of Commons on 15 October 2026

Debate

Highways (Financing) Bill

Contribution

I thank my right hon. Friend for that observation. That is why we need to be very sceptical about what the Government are proposing. Let us look at the issue of the lower Thames crossing. I read that it is going to cost £10 billion, and people will ask how we are going to raise that money. It seems to me that it will not be difficult to get the capital from the private sector, if a return can be obtained on that capital. Indeed, when Sir Nigel Broackes, who was the boss of Trafalgar House, was bidding for the Dartford crossing, he obtained the capital from the Bank of America. I do not think there is any doubt that the money will be forthcoming, but what will be the cost of the whole project? Will it have a finite cost of, say, £10 billion? If so, over how long a period will the Government allow the operator and the construction vehicle to have that paid back? Will the tolls be designed to pay back the cost of the tunnel within 20 years, 30 years or 50 years? The answer to that question will determine the level of the tolls. Are they going to be affordable? My view is that it is reasonable that this infrastructure be paid for by the people who will use it. I do not have a quarrel with that.

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