(7 years, 5 months ago)
Commons Chamber3. What steps he is taking to incentivise private sector investment infrastructure projects in the nations and regions.
This Government are committed to supporting private investment, which finances about half our infrastructure. We have a trusted and stable regulatory system, and through the UK guarantees scheme we have supported projects worth more than £4 billion. We are also introducing innovative support such as the digital infrastructure investment fund, which will accelerate the roll-out of the ultrafast network.
The north Wales Mersey Dee region hosts world-beating businesses such as Kellogg’s, Airbus and JCB, but we need competitive infrastructure in order to ensure that we remain competitive. For that reason, and in the absence of the public sector investment we are crying out for, may we please have the ability to deliver private sector investment? What are the Government going to do to deliver roads and rail?
I simply do not recognise what the hon. Gentleman says; investment in our infrastructure is at a record high. We are seeing investment in roads, rail and south-east air capacity—in all modes of transport. The point is how we deliver that investment, and it is a combination of public and private. He is clearly right to champion the requirement for infrastructure in his area and to highlight its impact on the economy, but to say we are not doing anything is just factually wrong.
(7 years, 11 months ago)
Commons ChamberMy right hon. Friend the Secretary of State recently met the Welsh Government’s Cabinet Secretary for Economy and Infrastructure, Mr Ken Skates. Their positive and useful discussion recognised the importance of cross-border transport and our commitment to deliver improvements, such as the investment we are making in the Halton curve.
The investment by the Welsh Government of £43 million in the Wrexham to Chester line, mainly in England, will lead to a partial dualling of that line by April this year. What more will it take to persuade the UK Conservative Government to match the Welsh Government’s investment by investing in more transport infrastructure in that region, for which an unanswerable case has been made?
The Government are already investing significantly in our rail network—more than at any point since the Victorian era. The Mersey Dee rail taskforce has produced its growth prospectus—Growth Track 360—and it is working with the rail Minister, my hon. Friend the Member for Blackpool North and Cleveleys (Paul Maynard). I understand that it is now prioritising its objectives, and we will continue to work closely with it.