UK government announces US$60.6 billion infrastructure spending

UK prime minister David Cameron and chancellor George Osborne have launched a year of major infrastructure investment, with US$60.6 billion of spending planned across 200 projects. Many of the projects due to start construction in 2014 and 2015 are key transport schemes, ranging across road, rail, local transport and airport infrastructure as well as flood defence schemes. These include the Mersey Gateway Bridge, Sheffield Lower Don Valley and Exeter flood defence schemes, major roads such as the M6 J
April 23, 2014 Read time: 2 mins
UK prime minister David Cameron and chancellor George Osborne have launched a year of major infrastructure investment, with US$60.6 billion of spending planned across 200 projects.

Many of the projects due to start construction in 2014 and 2015 are key transport schemes, ranging across road, rail, local transport and airport infrastructure as well as flood defence schemes.

These include the Mersey Gateway Bridge, Sheffield Lower Don Valley and Exeter flood defence schemes, major roads such as the M6 J10A-13, Nottingham tram extension, Heathrow Terminal 2 upgrade and Gwynt y Môr offshore wind farm, which is currently the largest in construction anywhere in Europe.

These projects are part of the US$60.6 billion of planned investment – US$8.4 billion public investment, US$35.3 billion private investment and US$17 billion in joint public and private investment - in infrastructure across the country that could support over 150,000 jobs in construction and many thousands more in other sectors following completion. This includes the start of a US£64 billion programme of rail spending over the next five years.

In addition, there is expected to be further investment of up to US$25 billion in oil and gas this year.
Urban Traffic Control

Related Content

  • Transport MEPs call for boost in development of transport infrastructure
    September 30, 2016
    Improvements in maximising the use of EU funding are needed to reduce disparities in infrastructure development between Central and Eastern Europe and the rest of the EU, MEPs say in an own-initiative report voted in the Transport and Tourism committee on Monday. EU member states and the European Commission should focus on completing the TEN-T corridors, bridging missing links, removing bottlenecks and improve connections between different modes of transport. To date, most of the transport infrastructure
    Read More
  • Britain ‘may be out of Europe but it's not out of business’ says FTA
    June 24, 2016
    Following the UK vote to leave the European Union, with votes of 52 per cent for Leave and 48 per cent for Remain, Patrick Flaherty, chief executive – UK & Ireland, AECOM, said the country faces a period of change and uncertainty and business must play a stabilising role. “A positive, long-term focus on the future is required despite a referendum result that we and many businesses did not want,” he commented. The Freight Transport Association (FTA) says coming out of union risks new costs, restrictions a
    Read More
  • EU project to make urban freight management more sustainable
    February 1, 2012
    Urban freight policies are becoming more common in European cities and regions. However, it is still difficult to evaluate and transfer the knowledge gained from the different city logistics measures implemented by local authorities. The SUGAR project aims to tackle this by establishing a systematic approach towards best practices identification and assessment, and by developing urban freight plans and actions.
    Read More
  • US motor vehicle deaths drop slightly in first half of 2017, but remain higher than two years ago
    August 17, 2017
    Preliminary estimates from the National Safety Council indicate motor vehicle deaths in the first six months of 2017 are one per cent lower than they were during the same six-month period in 2016. However, it says the country is fresh off the steepest estimated two-year increase in motor vehicle deaths since 1964 and it is too early to conclude whether the upward trend is over. The estimated deaths during the first six months of 2017 still are eight per cent higher than the 2015 six-month estimates, and the
    Read More

Highlighted Content