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CBI responds to Treasury infrastructure announcement
The CBI responded to an announcement by HM Treasury ahead of the launch of the Fourth National Infrastructure Plan.
Katja Hall, CBI Chief Policy Director, said:
“We’ve been calling for a more focused approach on infrastructure projects and look forward to seeing the Fourth National Infrastructure Plan. As ever the devil will be in the detail on timelines and delivery.”
Commenting on insurance industry investment, Ms Hall said:
“With the majority of national infrastructure projects earmarked to be delivered by the private sector, the insurance industry’s £25 billion investment is good news.”
On the A14, she said:
“After so much uncertainty, the news that a decision has been finally made on funding for the A14 means this essential upgrade will get off the ground sooner.
“This will come as nothing short of a relief for businesses given the importance of this trade route to link the port of Felixstowe to the rest of the country.”
On the redevelopment of Gatwick railway station, she said:
“With some estimates suggesting that the south east’s airports could be full by 2025, this upgrade will help us make the most of our existing capacity, while the Davies Commission decides on where future runways should be built.”
