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Delivery on the 10 Year Plan - The verdict of the freight transport industry
 10 Year Plan Investment
Progress
The 10 Year Plan commits £180 billion of public and private investment to the nation's transport infrastructure between 2001/02 and 2010/11. The 10 Year Plan Progress Report showed that outturn expenditure in the first year of the Plan was on target with the exception of spending on local transport.
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10 Year Plan promises
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Government delivery to date |
| 2001/02 PLANNED PUBLIC EXPENDITURE |
| £1.6 billion – strategic roads |
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£1.8 billion – strategic roads |
| £1.6 billion – rail |
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£1.6 billion – rail |
| £4.1 billion – local transport |
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£3.3 billion – local transport |
| £1.2 billion – London |
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£1.2 billion – London |
| £0.2 billion – other transport areas |
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£0.2 billion – other transport areas |
Figure 1 Public and private investment in transport 1991 - 2010
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It is already clear that funding for particular elements of the Plan is insufficient. The cost of upgrading and enhancing the rail network, for example, was severely underestimated in the Plan leaving Network Rail with a funding shortfall and the prospect of little improvement in rail reliablity over the course of the Plan.
The 10 Year Plan is heavily reliant on private sector investment. It is therefore of concern that private finance is under increasing pressure. The private sector's confidence on large-scale privately financed infrastructure projects has taken a knock following the Government's decision to bring rail infrastructure back into private ownership. A sluggish UK and world economy also means that companies are wary of taking on significant new spending commitments. |
Last updated: Wed Jul 21 14:21:21 2004
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