The government has announced plans to spend more money on infrastructure in order to boost the economy.

Unveiled as part of chancellor George Osborne’s Autumn Statement for 2012, the proposals include £1 billion earmarked for road improvements.

Addressing the House of Commons, Mr Osborne said ‘We’re committing an extra billion pounds to roads, including four major new schemes.’ He revealed that these include a link between the A5 and the M1, create a dual carriageway on the A30 in Cornwall, upgrading key sections of the A1 and upgrading the M25 in order to support port development.

The chancellor reaffirmed the government’s commitment to reducing the budget deficit, but insisted that the infrastructure investment will complement significant improvements to the rail network.

In order to save costs of projects, the Highways Agency recently announced that it had implemented new ways of working in collaboration with contractor Amey on a 2.3-mile stretch of the M5, generating efficiency savings worth around £500,000.

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