New transport projects have the potential to make a generational difference to the way we live in the UK and to our economy. Better transport infrastructure can help rebalance the economy and connect our cities and regions, improving the lives of all us. Transport Central is the hub where we will share our points of view on these and other issues facing the sector. It will be of most value if you come on this journey with us, so please do add your comments or get in touch.
How can we make the right transport infrastructure decisions to drive forward economic growth? Which projects should we build and how do we make sure they are delivered on time and on budget?
We believe there are five key elements to making the right transport investment decisions.
Investment in transport infrastructure is crucial in efforts to ensure that the economy is fit for the rest of the 21st century and beyond. The stakes are massive, so how can we identify, and develop the projects that will have the greatest impact on the economy and on our quality of life? Policymakers have traditionally focussed on the Value for Money of investments – measured by their Benefit to Cost Ratio. But politicians and the general public are often at least as interested in impacts on GDP and jobs. This kind of analysis requires courage to develop new approaches but it can be successfully done. Read more
Transport is the key enabler of almost everything we do, that’s why there’s a focus on improving transport services and building new infrastructure in particular. But given this focus on big infrastructure how do we fund them and can we afford them? What are the funding and financing implications of decisions to invest in transport infrastructure? And how does this affect the private sector supply chain?
Grant Klein is joined by Cara Haffey and Charlie Johnson-Ferguson to explore these important issues.
Benchmarking can play a critical role in shaping our transport infrastructure. But it means different things to different people. It can increase the value and returns, but it is much more than just cost comparison.
In this video Richard Scott and Ben Sheppard discuss how benchmarking can bring challenge and insight to deliver better transport infrastructure projects.