The spending review from chancellor of the exchequer George Osborne has outlined a number of spending areas for UK infrastructure, which includes the maintenance of roads and various energy projects.
Not only that, but announcements have also been made relating to the construction of the HS2 rail line, that has been subject to much controversy since it was announced.
Chief secretary to the treasury Danny Alexander has confirmed today that £100 billion will be allocated for infrastructure projects.
This will include £10 billion which will be set aside for road repair projects between 2015-16 and 2020-21, which will no-doubt improve UK road freight operations and increase driver comfort on long haul trips.
According the Mr Alexander, the government is aiming to take action in order to clear up the backlog of maintenance work that has been desperately needed on UK roads for sometime. He added that the funding will help to correct “crumbling” road surfaces throughout the country.
“More than £4 billion of that money will be spent on national road maintenance – enough to resurface over 21,000 miles of road; the equivalent of London to Beijing and back,” he said.
The remaining £6 million of the allocated funding will be handed over to Local Authorities in order to fill some 19 million troublesome potholes throughout the country.
Furthermore, road expansion schemes are also set to receive funding, this includes the addition of two lanes to some of the countries biggest motorways, creating the space for an additional 221 lane miles for usage. No doubt, this will improve the efficiency of UK freight activity for both suppliers and recipients.
Mr Alexander went on to say that the A14 between Huntingdon and Cambridge would see work commence two years earlier than expected, with a number of other projects confirmed too.
This includes work on; the A19 between Newcastle and South Shields; the A63 in Hull; the M6 junctions between Birmingham and Manchester; the M5 junctions Bromsgrove to Worcester; the A38 Derby Junctions; the M1 junction near Long Eaton and south of Rugby; the A21 Tonbridge to Pembury; junctions on the M4; the M23 Gatwick junctions; and the A27 Chichester bypass.
Furthermore, the funding will be able to help identify problem roads in the UK and deliver solutions to solve these.
It has also been confirmed that the Highways Agency will be transformed into a publicly owned corporation, in order to provide “long term funding certainty” and “flexibility” in order to make the road network the best it can possibly be for all motorists in the country.
Mr Alexander also identified the total amount of funding set aside for the high speed rail line, set to connect London to Birmingham in the first phase of development, then travel up through Nottinghamshire, Leeds and Manchester in the second.
The HS2 line will not only ensure faster commuting times between the locations along the route, but it will also free up conventional rail routes for further transportation of goods up and down the country.
However, plans have now revealed that the cost of the line could be up to £10 billion more than previously expected. Some £42 billion will now be allocated for the development, with the extra money required for contingency and to tackle the need to tunnel under areas in London and Birmingham.
“Taken together we are supporting over £30 billion of investment in rail, making this Coalition the most pro-rail government in modern history,” Mr Alexander said. “But we also need to think of the remote parts of the UK that HS2 won’t reach.”
A further announcement included the provision of £10 million for the Regional Air Connectivity Fund which is intended to help connections between regional economies.