Earlier this week, the Treasury published its fourth National Infrastructure Plan ‘for the next decade and beyond’. You can read the full document here: www.gov.uk/government/publications/national-infrastructure-plan-2013
The recent announcement includes £375bn of investment in over 600 energy, transport, communications and water projects, many of which are already underway – and many which have already previously been detailed.
Key announcements on transport include:
- A further £50m for the redevelopment of the Gatwick Airport Railway station
- Confirmation that improvements to the A14 around the port of Felixstowe will not include tolling
- Confirmation of a UK guarantee for the £1bn Northern Line extension to Battersea
- Funding for improvement for the A50 around Uttoxeter starting no later than 2015-16
- New study into southern rail access to Heathrow
- New investigation into access to Stansted following on from an existing study of the East Anglian mainline
- £5m extra investment in large scale electric vehicle readiness for public sector fleets
- £30m contribution to support constriction of new Garden Bridge across the Thames
- Review of framework to allow regime for testing of driverless cars
- Steps to speed up the town and country planning system.
In addition a group of six British insurers have committed to spend £25bn on infrastructure investment over the next five years. Britain’s stake in Eurostar will be sold off as part of a new £10bn privatisation programme which it is hoped will boost Treasury coffers and help to pay for the delivery of infrastructure projects
As set out in the summer in ‘Investing in Britain’s Future’, the Department for Transport has taken steps to bolster its commercial capability in rail and is undertaking an organisational review of its rail activities, to ensure that it is best placed to build on and maintain this commercial capability now and in the future.