Noting that the M49 'proper' junction cost £50m, how does that compare with the likely profit on the new housing development in Newark, even scaled down for a Trunk road rather than a Motorway? (I have been unable to find any more details about the scheme referenced in the
@stuu post.)
That I don't know. However, the Grantham Southern Link Road (£102 million) is mostly being paid for (£70 million) by developers. This includes over 2 miles of new road and a grade-separated junction on the A1, of a similar scale to what would be appropriate to the Newark Southern Link Road. So it's clearly possible for developers (admittedly probably several rather than one) to pay that sort of money for road infrastructure.
To quote a local authority webpage:
The new road will also open up 278 hectares of land, adjacent to the southern edge of Newark’s built-up area, for housing and employment use. This area has planning permission for over 3,000 houses (including affordable housing), two retail and commercial centres, a 60-bed care home, two primary schools, community buildings, a medical centre, 50 hectares of mixed-use commercial development and landscaped green community spaces.
D2N2 is proud to be investing £7million of Local Growth Funding into the Newark Southern Link Road.
d2n2lep.org
So 3000 houses currently have planning permission which will be "unlocked" (I hate that word in this context) by the new road and junction at Newark. Let's assume that the average sale price of those houses is £300,000 (if anything, I'd say that's too low). There's an old saying that a third of the cost of a house is land, a third is building costs and a third is profit. Applying this principle, each house will generate £100,000 profit. Therefore £300 million total profit. From just the houses, not including the "retail and commercial centres" etc.
Whilst there are definitely some flaws in this calculation, it shows how much money might be available for schemes such as this.
(Note that I'm not demanding that all the profit goes towards infrastructure.)
Of course, is any sane country, the National Highways scheme to dual the A46 northern bypass would be slightly expanded in scope (and budget) to include grade-separation of the existing Farndon roundabout, whilst also taking into account the new southern link road, to produce the optimum solution of a single grade-separated junction. Instead, not only will the expensively-dualled and grade-separated A46 still crash into the existing roundabouts at either end of the bypass, another roundabout will be added. Why do road authorities always like to give the impression that they're absolutely clueless about the real world?