This updated and re-structured report provides an up-to-date review of the transport infrastructure construction market with forecasts to 2021 and identification of major developments beyond this date. As well as an overarching review of the market, there are also specific appraisals of the roads, railways, airports and sea ports sectors. Notwithstanding the impact from the UK leaving the EU, the government is solidly committed towards supporting the development of the UK’s transport infrastructure; major roads, the railways and a 3rd runway at Heathrow. Major programmes such HS2, the completion of Crossrail, the rolling out of ‘smart motorways’, the expansion of airport capacity and proposed HS3 and Crossrail2 are likely to sustain construction output well into the next decade.
At the 2015 Spending Review, the Government announced it would increase transport spending by 50% to invest £61bn- including starting construction on High Speed 2, spending £13.4bn on the Roads Investment Strategy (RIS) and over £5bn on roads maintenance. This was followed by subsequent investments in the 2016 Autumn Statement and 2017 Spring Budget of £1.1bn of new funding from the National Productivity Investment Fund (NPIF) to relieve congestion and deliver upgrades on local roads and public transport networks and £690m for local authorities for local transport measures.
The Government, through Transport for the North (TfN) is also developing an integrated, multi-modal Strategic Transport Plan, which will build on the 2015 Northern Transport Strategy (NTS) to make a prioritised case for investment in Transport links across the North of England to 2050. The Government has already backed the NTS with significant investment in transport and by 2020 will have spent more than £13bn on improving and modernising transport links across the Northern Powerhouse.