Written Questions are submitted by MPs or Lords to receive information from a Department.
|16 Dec 2014, 5:57 p.m.||Diane Abbott (Labour - Hackney North and Stoke Newington)||Diane Abbott (Labour - Hackney North and Stoke Newington)|
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment his Department has made of the adequacy of current levels of investment in London's infrastructure; and if he will make a statement.
Answered by Danny Alexander
The National Infrastructure Plan sets out how the UK’s future infrastructure needs in each sector will be met through a mixture of public and private investment. It shows that annual average infrastructure investment in the UK is now 15 percent higher in this parliament than it was in the previous parliament.
The National Infrastructure Plan is underpinned by an infrastructure pipeline setting out £466 billion of planned investment to 2020 and beyond. Of this, £40.6 billion is specifically regionalised to London. This does not include UK-wide projects or programmes which will have a transformative effect in individual regions in England including London.
Across both the public and private sector, the need for investment in specific projects or programmes will be assessed through individual business cases. For example, Transport for London is the public body with standalone responsibility for the majority of transport services in London.