Transport: Capital Investment

Treasury written question – answered on 14th May 2019.

Alert me about debates like this

Photo of Priti Patel Priti Patel Conservative, Witham

To ask the Chancellor of the Exchequer, what options are available to finance strategic transport infrastructure schemes.

Photo of Elizabeth Truss Elizabeth Truss The Chief Secretary to the Treasury

The Government directly finances strategic transport infrastructure through various funds. This includes Control Period 6 (which will invest almost £48bn in the railway network over the period 2019-2024) and the second Road Investment Strategy (which will invest £25.3bn in the strategic road network over the period 2020 - 2025).

The Chancellor announced at Budget 2018 that PFI and PF2 would no longer be used for new government projects, and the Treasury will not be seeking a like-for-like replacement for these models. The Treasury remains open to private finance for government-funded projects, and is consulting on this as part of the Infrastructure Finance Review, as announced in the Spring Statement.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.