Chapter 6 Major highway scheme finance

This chapter introduces the funding aspects of major schemes from concept, through design and statutory approvals to implementation and post construction. It describes the differences between capital and revenue funding, cash and accruals accounting and typical sources of funding available. It also discusses some of the practical financial aspects that arise in delivering a major scheme. It is written primarily from the perspective of a shire county council. Funding regimes and rules change constantly and this chapter is written on the basis of that prevailing in 2009/10. Readers may review the situation by referring to the main governmental web sites listed at the end of this chapter.