Roads: Private Investment

Baroness Scott of Needham Market Excerpts
Wednesday 25th April 2012

(12 years, 1 month ago)

Lords Chamber
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Earl Attlee Portrait Earl Attlee
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My Lords, I regularly used to use the bit of road that my noble friend refers to. Particularly impressive was the rate at which the construction project went ahead. It had all the signs of an efficient process.

Baroness Scott of Needham Market Portrait Baroness Scott of Needham Market
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My Lords, given that the objective of government is to encourage the investment of private finance in the transport sector, do the alternatives include the slightly less risky idea of creating a fund into which private investors can put money to invest in a portfolio of transport projects both new and existing?

Earl Attlee Portrait Earl Attlee
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My Lords, I am not quite sure about the exact proposal that my noble friend puts forward, but we are looking at all options and I will be grateful for any input from noble Lords into possible models.