(PRWEB UK) 29 September 2015
Transport Scotland has highlighted new data that shows the positive economic impact of ongoing investment in the nation's motorways network.
The national economy has so far benefited from £114 million in contracts awarded to subcontractors for the ongoing M8 M73 M74 Motorway Improvements Project, the organisation revealed.
Data from the body also showed that a further £88 million in pending contract awards to local businesses are to be delivered in the coming months.
Keith Brown, cabinet secretary for infrastructure, investment and cities, stated: "The M8 M73 M74 Motorway Improvements Project has attracted interest from specialist engineering firms all over the world, but equally, it's great to see a local enterprises providing a service and benefitting from this Scottish government investment.
"This is just one example of how this £500 million investment in central Scotland's motorway network is stimulating the local economy during the construction phase, not to mention the significant benefits to road users, businesses, communities and industry in the west of Scotland and beyond, upon completion." (http://www.transportscotland.gov.uk/news/major-central-belt-motorway-improvements-boosts-local-economy-%C2%A3144-million-sub-contracts)
Scheduled for completion by early 2017, the scheme is expected to deliver a considerable boost to all small to medium-sized enterprises being contracted.
Overall, dozens of new jobs have so far been created through the new motorways scheme, while Transport Scotland expects this figure to rise considerably as the main construction phase of the development gets underway.