Opportunities Arise as Severn Bridge Tolls are Set to be Scrapped
21 September 2018 by Helm Construction
The recent announcement that the Severn Bridge Tolls are to be removed before the end of 2018 has brought a positive response within the construction industry as more opportunities will be generated for South West builders in South Wales.
However, a study conducted in June by the Department for Transport (DfT) revealed that as a result of the tolls removal, 16,000 additional journeys a day would be made to Bristol by 2022, resulting in traffic gridlock.
Helm Construction’s Finance Director, Adam Marks commented; “This news has the opportunity to boost the UK construction industry as companies on either side of the bridges are no longer hindered by the toll charge. With the average daily commuter spending around £1,200 of their yearly salary on the bridge, many potential construction opportunities have been limited or even non-existent.”
Continuing Adam questioned “Could we see Helm sites popping up in South Wales in years to come? Only time will tell the success of the tolls removal. Unless the South West’s roads and infrastructure networks are improved, what seems to be a fantastic opportunity could turn out to be a nightmare.”