Investment Property News - Bueno Investments Limited

Sheffield's roads are set for a revamp thanks to £663.8m of Government funding.

The cash, part of a privately funded scheme, will be used by Sheffield City Council to improve all roads over the next seven years and to maintain them in this improved state until at least 2036. Some £79.3m of the money will be used to replace more than 55,000 of the city's 69,000 streetlights.

Council leader Jan Wilson said: "This is both a wonderful day for Sheffield and great news for the next 25 years.</p>

"Sheffielders have told us we have to do something about the roads, They were right and this announcement shows just what we've done.

"Members, MPs, and officers have worked tirelessly on this bid for years and now this hard work has been rewarded. We can now press ahead and improve the roads to the high standard we all expect of one of Britain's major cities. This is yet another example of Sheffield's regeneration, helping everyone who lives here to travel around the city more easily, and making a major contribution to attracting investment into the city."

Copyright © PA Business 2008

http://www.buenoinvestments.com/uk_property_investment.php (UK property)

http://www.sheffield.gov.uk (Sheffield City Council)