Sunak promises ‘once-in-a-generation’ infrastructure investment

In his statement delivered in Parliament yesterday (November 25) Sunak promised to ‘deliver on the priorities of the British people’, with a ‘once-in-a-generation’ investment in the UK’s infrastructure. 

Over £2bn will be invested into keeping transport arteries open, which includes subsidising the country’s rail networks, with plans to upgrade railways, as well as implement new cycle lanes and over 800 zero emissions buses.

The government’s new National Infrastructure Strategy was published yesterday, supported by a new UK Infrastructure Bank, which will be established with headquarters in the North of England beginning Spring 2021.

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Colin Wood, chief executive for Europe at AECOM, commented: “What we need to see between now and the Chancellor’s next fiscal statement are the details and decisions that are buried in the National Infrastructure strategy. How is procurement going to change for the better, details on changes to the Green Book, how is the infrastructure bank going to work and confirmation and swift adoption of key recommendations such as the integrated rail plan.”