"The Highways Investment Programme is a ten year capital programme that aims to maintain and improve transport networks. The overall scheme is £100.165m and is predominantly funded by corporate unsupported borrowing (£91.983m) with £8m capital grant from Greater Manchester Local Transport Plan 3. 2015/16 is the second year of the scheme, there is £12.176m in the programme for Footways and Carriageways works. All preventative work is now complete, 276,000m2 of Footways and 352,000m2 of Carriageways have been completed to date and an operational programme has been developed for the remainder of the year."
SMBC Executive Meeting Agenda document 16/2/16