Government Reports On Review Of Infrastructure Costs

Today's entry looks at the government's steps to drive down infrastructure costs.

The government is concerned that infrastructure costs more to develop in the UK than elsewhere. Back in December 2010, it launched an 'Infrastructure Cost Review', which was going to try to find 15% savings on the cost of infrastructure projects on average by 2015. The analysis of the existing situation on page 5 certainly rings true, e.g. 'If the budget includes contingencies, the higher total becomes the available budget'.

A plan to cut costs was promised by March 2011, and was duly published that month. Next, in June, came a brief 'charter' setting what the government would do and expect industry to do.