In developing the WPL proposals a key aim has been to generate a specified level of funding but not to create a surplus. The funding required relates to the procurement of NET Phase Two and other beneficial public transport projects.
It is proposed that the WPL scheme will provide 80%, of Nottingham City Council’s overall NET Phase Two funding as well as generating £2.8m per annum to fund other beneficial public transport projects.
Money raised from a WPL would be invested in:
- Funding the local financial contribution to extend the NET tram system to serve Chilwell and Beeston via the QMC and Clifton via Wilford.
- More Link Bus Services and the funding needed to continue running the popular Link buses which serve areas not covered by commercial public transport.
- Transforming Nottingham Station into a ‘Hub’ with improved connections to buses, trams and expanded passenger facilities – turning it into one of the top European transport interchanges.
- Increased support and advice to businesses for travel planning and parking management.