Bridge chiefs meet to discuss tolls

A POTENTIAL fresh rise in the Humber Bridge tolls will be discussed at tomorrow's Bridge Board meeting.

The Humber Bridge Board will meet tomorrow to discuss its 2010-11 future budget proposals.

The report lays out three options to secure the Bridge Board's long-term finances, including raising tolls later in the year, slashing spending, and increasing income investment assumptions.

The board's immediate financial future was secured by a £6-million bail-out from the Department of Transport.

This followed transport minister Sadiq Kahn's decision to reject the Boards application to increase the tolls.

Michael Hudson, treasurer to the board, said: "On average it takes around 9 months from point of application to a decision by the Secretary of State.

"This could potentially give an additional income of around £300,000 to £500,000 but would require a public inquiry."

However with the Department of Transport grant expiring in 2011-12, it is likely a rise in the tolls would not provide the short-term funding needed.

Mr Hudson added: "Given that the debt agreement is due to be renegotiated in the Summer of 2010 it is suggested that as this would have little impact on the short term financial position this option be deferred.

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