A new report from the National Audit Office (NAO) has urged the British government to invest in infrastructure development in order to drive economic growth across the UK.
The government expects £310 billion to be spent by 2015 and beyond on new infrastructure projects, but the NAO has warned that it must avoid various pitfalls if it is to get the most out of this major investment.
NAO chief Amyas Morse said: “Demand for infrastructure is set to increase, fuelled by population growth, technological progress, climate change and congestion.”
However, Mr Morse warned that a great deal is at stake when pumping this much cash into projects at such a straitened time and urged the government to ensure it achieves value for money over the next three years.
The Confederation of British Industry suggested that private businesses can help the public sector with efficiency and spending power when delivering projects such as this.
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