‘Private money should fund CAM metro’ says Cambridgeshire mayor James Palmer
PUBLISHED: 05:43 09 May 2018
Any underground system in Cambridge should be funded by private investors, not the taxpayer, the mayor of Cambridgeshire and Peterborough has said.
Last December it was announced that a Cambridge ‘metro’ could be up and running by 2025, after a report from consultants Steer Davies Gleave said it would be feasible.
The underground tunnels, it is argued, would help get more commuters from outside the city into the centre without further congestion.
Among the options on the table are rubber-wheeled vehicles which can run on overground tracks before heading into the tunnels.
There is also a possibility that autonomous vehicles could run on the routes in the future.
Mayor James Palmer said: “We are in the process of getting the next stage of the feasibility study.
“A second paper is being done to look at funding. The next steps are nailing down the system we use, and we are also looking to international investors and we have meetings set up to find private funding.
“My aim is to get the funding through the private sector.”