Metrolink Extension Veto to Cost Manchester £1.4bn

Transport Secretary Alistair Darling’s decision to scrap the extension of Manchester’s Metrolink system will cost the City’s economy £1.4bn a year, a new study has revealed. Findings from the unpublished analysis by the Greater Manchester Passenger Transport Executive (GMPTE) were presented to MPs recently. The report, seen by New Start, assesses the economic and social impact of the proposed phase three expansion. As well as increasing Manchester’s gross domestic product by £1.4bn annually, the study estimates the extension will create 17,100 jobs along the planned route as a result of regeneration in Manchester, Oldham, Rochdale and Tameside. Once the extension’s knock-on impact is included, that figure could rise to 26,000. GMPTE chief executive Chris Mulligan said: ‘It is clear to all major north west interests that Metrolink is absolutely fundamental to the future economic competitiveness and regeneration of the Manchester city-region.’
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