A committee of MPs has said the government’s infrastructure plan is not ‘credible’
A report by the House of Commons Public Accounts Committee has cast doubt on the feasibility of the national infrastructure plan.
The infrastructure plan, which requires £310 billion of public and private investment has been criticised for not being ‘credible’ in the current economic climate.
The national infrastructure plan was launched in 2010 setting out a number of projects, with 40 of these being a priority including Crossrail, HS2, and Thames Tideway Tunnel.
The report said: ‘The Treasury’s Infrastructure Plan is a list of projects, not a real plan with a strategic vision and clear priorities.’
It has also suggested that: ‘Investors will be reluctant to invest in projects until government policy is clear and consistent.’
They have said that the level of government support for infrastructure projects must be confirmed to ensure that projects proceed.