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

  • Traffic management market ‘worth US$17.64 billion by 2020’
    February 4, 2016
    According to a new market research report from MarketsandMarkets, the traffic management system market is expected to grow from US$4.12 billion in 2015 to US$17.64 billion by 2020, at a compound annual growth rate of 33.8 per cent during the period. The report, Traffic Management Market by Solutions (ELV, Full Pedestrian, Led Signals & Retrofit Solutions, Intersection Controllers Parking Space and Toll Management), Detection (AGPVD, Loop Detection, CCTV and ANPR), & by Region - Global forecast to 2020, s
    Read More
  • Connected vehicles - potential to transform US transportation
    April 12, 2013
    There’s a new face in the driving seat at the US Department of Transport’s ITS Joint Program Office. Fortunately, as Robin Meczes finds out, he’s no learner driver… Ask Kenneth Leonard why he wanted his new job as director of the ITS Joint Program Office, and his answer comes back without a second’s delay. “The potential to save lives, reduce injuries and help people enjoy a more efficient transportation system is the kind of challenge that makes me want to come to work each morning,” he says. “In my opinio
    Read More
  • London invests in bus priority schemes to help keep bus passengers moving
    January 26, 2016
    With London’s roads seeing an increase in congestion due to a construction boom and a significant growth in population, Transport for London is investing heavily in helping keep the roads moving through a range of means. Part of this programme is designed to help buses get through congested areas quicker and more reliably. A US$284 million investment in new bus priority schemes in the capital includes changes to road layouts and junctions and enabling small changes to routes so that buses can avoid traff
    Read More
  • Is road user charging the first stop for congestion management?
    July 23, 2012
    David Hytch, Information Systems Director at the Greater Manchester Public Transport Executive, considers just where congestion pricing schemes should sit in transport planners' hierarchy of options for managing demand. On the face of it, Greater Manchester in England's proposed congestion charging scheme hit just about every sweet spot possible when it came to convincing the general public of the need for and benefits of such a venture. There was the promise from national government of almost £3bn-worth of
    Read More

Highlighted Content