We want to make it easier for the Regional Transport Partnerships (RTPs) to manage their year-end finances by enabling them to hold a balance of funds. We also want to make sure that there is no additional financial burden on the local authorities that contribute towards the RTP running costs.
This will assist the RTPs with larger capital investment projects which cover more than one financial year.
The Transport (Scotland) Bill will allow Scotland's RTPs to hold and operate capital funds, renewal and repair funds and insurance funds in a similar way to councils. We undertook a 12 week consultation seeking views on the proposal. The results of the consultation will be published soon.
More information on RTPs is available in our strategy section.
For more information see the Policy Memorandum on the Scottish Parliament website.