Richard Savin, the managing director of Carr West, has voiced his frustration at the Government’s transport policy.
Carr West has invested £500,000 in plans to build an 11km twin-track variable level rail system (VLRS) in Portsmouth. It is awaiting approval from John Prescott, the transport secretary, which will include a Parliamentary Act and a public inquiry, which will take at least two years.
He complained that the Government and local transport executives are the biggest barrier to privately-funded public transport projects.
`There are private companies willing to invest their money in developing transport systems but they come up against a bureaucratic wall,’ Savin said. `Prescott’s a humbug. He says he wants public transport but forgets he has the power of life and death over these projects.’