Skip to main content

EEF report calls for more UK road investment

Investment in roads should be the UK’s transport spending priority, according to a report by the EEF. The employers' body's Transport for Growth survey found that 80% of manufacturers see the road network as vital to their business, with 50% revealing that operating costs are increasing substantially due to the condition of the road network. Meanwhile Roger Salomone, the EEF’s head of business environment policy, noted that a mere 6% of firms regard the rail network as a priority, despite the fact investmen
April 8, 2013 Read time: 1 min
Investment in roads should be the UK’s transport spending priority, according to a report by the EEF. The employers' body's Transport for Growth survey found that 80% of manufacturers see the road network as vital to their business, with 50% revealing that operating costs are increasing substantially due to the condition of the road network.

Meanwhile Roger Salomone, the EEF’s head of business environment policy, noted that a mere 6% of firms regard the rail network as a priority, despite the fact investment in this area attracts 30% more government cash. The report is also said to have uncovered ambivalence among manufacturers to the €37.91 billion (£32 billion) High Speed 2 rail scheme.

Related Content

  • Qatar to spend up to $100 billion on road and rail networks before FIFA World Cup
    February 29, 2012
    According to Business Monitor International (BMI), Qatar is expected to spend US$80-100 billion over the next five years to prepare and deliver the infrastructure required to support the huge influx of visitors forecast to attend the 2022 FIFA World Cup.
  • New Zealand ponders more tolling
    December 10, 2024

    New Zealand transport minister Simeon Brown is considering tolling seven new “Roads of National Significance” if that would speed their completion.

    Media reports noted that NZ Transport Agency Waka Kotahi (NZTA) said procurement and construction of the roads could start within the next three years.

    The projects are Belfast-to-Pegasus, the Hawke’s Bay Expressway, SH1 Cambridge-to-Piarere, State Highway 29 Tauriko, Takitimu North Link Stage 2, Mill Road and Warkworth-to-Wellsford.

  • Colombia’s new transport infrastructure to boost national construction industry
    July 30, 2013
    Huge investment in Colombia’s transport infrastructure is expected to lead to substantial market growth in the country’s construction industry, according to new research by Timetric. In its research report; ‘Construction in Colombia – Key Trends and Opportunities to 2017’, Timetric, who provide online data, analysis and advisory services to key financial and industry sectors, states, “Colombia’s Ministry of Transportation plans to invest COP102.3 trillion (US$56 billion) in transport infrastructure developm
  • Central Ring Road to become one of most important projects in modern history of road-building in Russia
    December 16, 2014
    Moscow’s new ring road will provide a major economic boost and tackle congestion - Eugene Gerdner writes The Russian Government has officially started building of the Central Ring Road (CRR), one of the largest infrastructural projects in the modern history of the country. Total volume of investments in the project is estimated at more than US$7.2 billion (300 billion RUB). Building of the road should be completed by the World Cup 2018 and will be carried out as part of the existing state program ‘The de