Road Investment Strategy

Lord Bishop of Leeds Excerpts

Wednesday 11th September 2024 Lords Chamber

[Lord Hendy of Richmond Hill (Lab)]

I do not have the precise answer to that question, so I will be delighted to write to the noble Lord to clarify the questions he asked.

[The Lord Bishop of Leeds]

My Lords, the answers we have had so far, which are welcome, refer to future strategy in terms of economics and finance, but there is another element that this Government have built into their programme, which is making long-term decisions. Is any future road strategy being looked at holistically in relation to public transport development? They cannot run in separate grooves.

[Lord Hendy of Richmond Hill (Lab)]

The way the road investment strategy works is that the Infrastructure Act 2015 requires a road investment strategy—known as RIS to the initiated—to be set. As I said, this strategy expires in March 2025. We might normally have expected to see the publication of a draft road investment strategy 3, for the five years beyond 2025, published by the previous Government, but in fact it was not. We are now required to do that and the Government will, in due course, do just that. It is stand- alone, but it must be recognised that the department, which is responsible for all modes of transport, including public transport, will have to consider how it spends both its capital and its revenue in the best way to achieve the targets of growth, jobs and housing.