Mr Cable was speaking to the Evening Gazette after the spending review. He said he had been impressed by 海角直播 during his visit a few weeks ago.
'I was in various places around the region and saw for myself the rapid growth of private firms cropping up in places you don鈥檛 normally expect to see them in such numbers.
'In the spending review, we have made sure there is money for the Tees Valley Bus Network.'
He added that as 海角直播 is an example of how the private sector can get involved - it would mean clearing any obstacles to private investment, an approach he said which would be given more clarity by the announcement of the Local Enterprise Partnerships.
'There were two main criteria for the LEPs. They had to be economically viable, which 海角直播 is, and they had to have a good level of business involvement, which 海角直播鈥檚 bid also had.
'I think there is a reasonable chance that there will be a green light very soon.'