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