Wednesday 5th December 2012
Ed Thomas, Director in KPMG’s transport advisory group comments on the Chancellor’s transport infrastructure plans:
“Transport is one of the big winners of this year’s Autumn Statement with £1bn of additional roads investment, Government support for the extension of the Northern Line to Battersea Nine Elms and momentum gathering around HS2 Phase 2. This comes on top of the announcement of £9bn investment in rail infrastructure earlier in the year.
“The most eye-catching initiative is the Chancellor’s commitment to provide a £1bn Guarantee to Transport for London to help finance the extension of the Northern Line to the Battersea Nine Elms Enterprise Zone. It shows the Government recognises the importance of transport connectivity in kick-starting major developments and economic growth.
“Other City regions such as Greater Manchester, West Yorkshire and South Yorkshire are also looking to invest in transport infrastructure to promote growth. It is likely they will seek similar support to accelerate investment into their own schemes. “
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