The Highways (Financing) Bill (the Bill) has been laid in parliament and once enacted will enable us to take on the role of economic regulator for the Lower Thames Crossing (LTC). We are working with government on the design of the regulatory regime for LTC.
Under the Bill, we will have a duty to carry out our proposed functions in the manner we consider best calculated to further the interests of users of relevant highways, having regard in particular to the need to promote efficiency and economy in relation to the construction, improvement, operation and maintenance of relevant highways, and the need for holders of licences to be able to finance the activities carried on in pursuance of their licences.
More information about how the bill will work can be found in the explanatory notes.