Osborne boosts transport capital spend by £5.1bn, but cuts day to day budget by £800M

摘要

Chancellor George Osborne has set out plans to spend £73bn on roads and rail over the six years to April 2021 - but slashed the Department for Transport's revenue budget by more than a third. Osborne said in last week's Spending Review announcement that investing in long-term infrastructure was one of four key objectives for the government. He allocated £34.5bn for Network Rail, £15.2bn for the roads investment strategy, £15.8bn for High Speed 2 (HS2), £6.9bn for highways maintenance and £500M each for "local sustainable transport" and "large local roads". Department for Transport capital spending will soar from £6.1bn in 2015/16 to £11.4bn in 2019/20.