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@Oliver Schick
I don't like this idea at all. Needless to say, the project of the new six-lane by-pass of the 'old road' is horrifying and should not proceed, but of course the status quo is also completely unacceptable, with the 'old' quasi-motorway in place. However, this is a very ancient road alignment and very valuable as such, e.g. for cycling. I'd be more in favour of the 'old' road being built back into a non-motorway-standard or non-near-motorway standard road than privatising the land even for this kind of use.
https://www.theguardian.com/uk-news/2021/nov/21/a12-essex-cycle-park