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Planning for economic infrastructure
Posted on: 16 January 2013
By: mackene
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Filed under: News
The National Audit Office has published a report which highlights five key risks to the value for money of projects included in the government’s national infrastructure plan. The government expects £310 billion to be spent by 2015 and beyond on new infrastructure projects in sectors such as energy, rail, roads, water, waste, flood defences and digital communications. Such large-scale infrastructure projects pose significant challenges. With limited funds available, the government is looking to private companies to wholly own and finance around 64 per cent of the £310 billion, with the burden of funding likely to shift towards the public as consumers rather than taxpayers.
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