EY comment on infrastructure investment plans

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EY Graham Beal, Partner at EY infrastructure team, said:

“It is right that infrastructure is now a cornerstone of the government’s growth plans. The issue now is the speed with which projects will come on to the market and the effectiveness of planning, funding, implementation and procurement decisions which can hold up projects. There needs to be a speeding up of the time taken from a decision to delivery of projects.”

“The support for the Northern Line extension in particular is important from both a transport and regeneration perspective for London. This will be a good opportunity to explore alternative routes of funding for infrastructure.

“It will be important to ensure similar regeneration projects can be delivered in cities outside of London to ensure balance of economic growth across the UK.”