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LORD MACDONALD INVITES CBI TO TARGET TRANSPORT PRIORITIES

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Lord Macdonald today encouraged the Confederation of British Industry to align its investment priorities with the w...
Lord Macdonald today encouraged the Confederation of British Industry to align its investment priorities with the work being done on the government's 10-year plan for transport.

The CBI made its investment projection at its council meeting today. It follows the government's launch in December of a task force led by Lord Macdonald to create a 10-year investment plan to transform Britain's transport system.

Lord Macdonald, minister for transport, said: 'I welcome the CBI's contributions to the debate. However, their projections need refining since their£200bn total is an initial estimate which includes a wide range of transport modes and environmental concerns.

'Transport has to compete with other government spending programmes, such as health, education and law and order, and we have to make a convincing case.

'The DETR task force is currently working out what offers best value for money in its Ten Year plan for transport. This plan will be published when the outcome of the spending review is announced in the summer.

'The government is determined to deliver on its promise of investing in transport to keep Britain moving.'

Notes

- The CBI's estimate includes a number of items that will not be in the 10-year plan - road and local transport expenditure outside England as well as aviation and water transport.

- The spending review 2000 will provide the basis for the plan, which will be extended beyond 2003 - 04 to identify what is needed over the ten-year period to 2010. The plan will take into account the role of public-private partnerships in levering in new sources of investment.

- Government has increased investment in transport. Total investment this year will be over£7bn, compared to£5.5bn in 1996/97.

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