Nicholas Lewis
Established Member
The launch of the Defence Investment Plan today has a useful explainer about where the money is coming from
https://www.gov.uk/government/publi...the-defence-investment-plan-funding-explainer
The DfT is being asked to provide additional funding from its capital budget but in rare piece of better news for rail its budget is being protected and its road schemes that are taking the hit.
https://www.gov.uk/government/publi...the-defence-investment-plan-funding-explainer
The DfT is being asked to provide additional funding from its capital budget but in rare piece of better news for rail its budget is being protected and its road schemes that are taking the hit.
As departments with larger capital budgets, the Department for Transport (DfT) and the Department for Energy Security and Net Zero (DESNZ) have been asked to make further contributions.
DfT will provide savings of up to £700m from its roads funding. The Department will consult on reductions to the third Road Investment Strategy (RIS3) - including the potential cancellation of the A38 Derby Junctions and A46 Newark Bypass schemes, both of which are yet to enter contract and not as far along as other road schemes. There will be stakeholder consultations before any final decision is taken.
DfT will also explore limited reductions to as yet uncommitted roads funding. The government remains committed to protecting funding for local authorities to mend potholes and repair their roads, protecting investment in rail infrastructure, including Northern Powerhouse Rail, and the proposals will not impact bus or rail services.