Category: transport

Budget 2013: Build more transport infrastructure

With fuel duty paused, transport budgets rising, the heavily trailed single pot confirmed and £3bn a year of additional infrastructure spending promised, this seems like a good budget for the transport sector.  While the fuel duty escalator was the biggest news of the day, behind the headlines lie some good news for transport capital funding – in the medium and the longer term.

As the dust settles from yesterday’s announcements and MPs debate, Connected Economics has been through the detail of budget announcements to distil the important features for the transport sector.

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Budget 2012 Transport Update: Some FAQs

How have transport budgets changed?

Overall, transport budgets have not been changed significantly by this budget.  The evidence of an underspend in 2011-12 is clear, with resource spending down by around £500m but largely unchanged in future years.  A smaller capital underspend in 2011-12 is trumped by increases in budgets towards the end of the CSR period.  Total transport capital budgets over the CSR period have risen by £800m or around 2.6%.

Devolved transport budgets: Not enough to bank on?

Dominic WalleyWhat can you buy with a devolved major scheme budget?

Are local authorities ready to manage their local economies?

The delivery of local infrastructure is changing.  The coalition government’s policy of localism is providing more autonomy to councils to set their own criteria for success, manage their own budgets and deliver infrastructure that better meets local needs.  Some of the changes are set out in:

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