£25bn for RIS2 but PFI ban could cost Highways England

29/10/2018
Chris Ames

The chancellor has announced £25bn for the second Road Investment Strategy, although a large chunk of this may now be needed to pay for two Highways England projects costing over £8bn after Philip Hammond banned new private finance initiative (PFI) schemes.

In the Budget, Mr Hammond confirmed that the Government will deliver its commitment to hypothecate English Vehicle Excise Duty to roads spending through the National Roads Fund, which will be worth £28.8bn from 2020 to 2025.

The Treasury said the Govermment expects to spend £25.3 billion on the second Road Investment Strategy 2020-25 (RIS2), funded by the National Roads Fund.

The remainder of the cash (£3.5bn) will pay for the new major roads network and large local major roads schemes.

However, Mr Hammond also announced that he will abolish the use of PFI and PF2 for future schemes, although the Government will honour existing contracts.

The move is likely to be seen as a response to the collapse of Carillion earlier this year. Mr Hammond said: ‘The days of the public sector being a pushover must end.’

The Treasury said RIS2 would ‘enable the Government to…progress transformative projects like the A66 Trans-Pennine, the Oxford Cambridge Expressway, and the Lower Thames Crossing’.

In April, the Treasury confirmed that it expected both the Lower Thames Crossing, now slated to cost up to £6.8bn, and the £1.6bn A303 Stonehenge tunnel to be financed through PF2.

In August, the Department for Transport (DfT) told Transport Network that the private financing of the Stonehenge scheme would allow it to invest the capital that is no longer needed on other important strategic road schemes.

Highways England and the DfT referred enquiries to the Treasury.

A Treasury spokesman told Transport Network that the Government remains committed to the schemes ‘subject to business case’ and that the financing of the schemes was not a determining factor in the decision to proceed with them.

He could not however confirm whether the schemes would be funded out of the £25bn for RIS2, but said that announcements on the detail of the strategy would be made ‘in due course’.

 

Highways jobs

Senior Traffic Engineer

East Riding of Yorkshire Council
£32,029 - £34,788 per annum
Currently seeking an enthusiastic and experienced individual to manage our Traffic Team. East Riding of Yorkshire
Recuriter: East Riding of Yorkshire Council

Technician

Derbyshire County Council
£22,628 - £24,455 per annum
Two posts have become available in the Council's Highways Development Control Section Derbyshire
Recuriter: Derbyshire County Council

Head of Network Planning

Derbyshire County Council
£52,999 - £58,310 per annum
This is a key role at Derbyshire County Council that will lead the strategic and operational planning and management of... Matlock, Derbyshire
Recuriter: Derbyshire County Council

Senior Parking Manager

Brent Council
£55,638 - £58,779 p.a. inc.
As Senior Parking Manager, you will be responsible for the effective management of the Council’s Parking Services contract, and... Wembley, London (Greater)
Recuriter: Brent Council

Group Engineer (Highway Design)

Kirklees Metropolitan Council
£39,782 to £43,757 plus £3,000 Market Rate Supplement
Are you an experienced engineer looking for an opportunity to improve the lives of the local people of... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Group Engineer (Highways Network and Asset Management)

Kirklees Metropolitan Council
£39,782 to £43,757
Looking for a Group Engineer who already has... Kirklees, West Yorkshire
Recuriter: Kirklees Metropolitan Council

Validation Officer

London Borough of Richmond upon Thames and London Borough of Wandsworth
£21,188 - £29,796
Are you looking for working arrangements that enhance your work-life balance? London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Ugobus Driver (multiple positions)

Essex County Council
Up to £18938 per annum
Please note that we have permanent, fixed term and relief contract opportunities on a part time, job share and flexible working basis. The salary is u England, Essex, Chelmsford
Recuriter: Essex County Council

Principal Transport & Infrastructure Planning Officer

Essex County Council
£52000 - £57570.0 per annum
Please note this is a two year fixed term contract with a potential for extension, subject to budget and workload. Job purpose Calling all transport P England, Essex, Chelmsford
Recuriter: Essex County Council

Food Safety Environmental Health Officer

Camden London Borough Council
£36,630 to £42,490
Seeking a highly motivated and experienced Environmental Health Officer to join our busy Food Safety team. Camden, London (Greater)
Recuriter: Camden London Borough Council

Policy Planner

London Borough of Richmond upon Thames and London Borough of Wandsworth
£25,327 - £36,486 depending on skills and experience
We have an exciting opportunity within the Spatial and Transport Planning service for 2 x Policy Planner roles... London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Highways Inspector

Cambridgeshire County Council
£19,554 - £23,836
Looking for candidates who have experience of highways maintenance and have a sound technical understanding of highways. Cambridgeshire
Recuriter: Cambridgeshire County Council

Street Services Recruitment Day

Royal Borough of Greenwich
Competitive Salary
This role involves collecting residents and business wheelie bins and waste containers you will work as... Greenwich, London (Greater)
Recuriter: Royal Borough of Greenwich

Assistant Tree Officer

Camden London Borough Council
£25,880 - £27,904
Looking for an assistant tree officer to join a busy Tree Section working with the most up to date arboriculture equipment’s and IT resources.  Camden, London (Greater)
Recuriter: Camden London Borough Council

Senior Design Engineer - Guildford

Surrey County Council
£39,438 - £43,744 per annum
An opportunity has arisen within Surrey County Council's Highway Design & Delivery Team... Guildford, Surrey
Recuriter: Surrey County Council

Director of External Operations

Somerset West and Taunton Council
£100,000
Somerset West and Taunton Council has been through a transformation that puts customers at the heart of everything we do. Taunton, Somerset
Recuriter: Somerset West and Taunton Council

Zero Emissions Network Officer

Tower Hamlets London Borough Council
£33,759 - £34,986
We are looking for an enthusiastic Zero Emissions Network Officer Tower Hamlets, London (Greater)
Recuriter: Tower Hamlets London Borough Council

Contract Supervisor

London Borough of Richmond upon Thames and London Borough of Wandsworth
£31,013 - £36,486 depending on skills, knowledge and experience
The role of Contract Supervisor (Waste and Street Cleansing) will require you to support ambitious plans to provide services for residents Richmond upon Thames, London (Greater)
Recuriter: London Borough of Richmond upon Thames and London Borough of Wandsworth

Flood Risk Manager

Birmingham City Council
£43,662 - £54,574
The role requires the post holder to be the lead professional for the Authority’s Flood Risk Management and drainage function Birmingham, West Midlands
Recuriter: Birmingham City Council

Highways on Fridays

Latest Issue

latest magazine issue
  • HIghways Awards shortlist revealed
  • Equity in transport
  • DMRB updates
View the latest issue

Latest Video