finance

04/12/2020

Annual Service Payments (ASPs) for the new A465 dualling contract are set to rise substantially in real-terms because the Welsh Government will apply the Retail Prices Index (RPI), which the Office for National Statistics urges officials not to use.

25/11/2020

The Spending Review has allocated the Department for Transport (DfT) £1.7bn for local roads next year.

30/06/2020

Boris Johnson, has pledged to 'build, build, build' under a 'new deal' that will accelerate roads and wider infrastructure spending and bring forward an initial £5bn for the first stage of COVID-19 recovery.

29/05/2020

Local highway authorities are facing a funding 'cliff edge' with no sign of what to expect for 2021-2022 despite hopes the local sector was moving to the same five-year funding pattern as the national network.

04/05/2020

Highways England is now making 98% of its supplier payments within five days as part of efforts to boost cash flow to the industry throughout the COVID-19 crisis.

09/04/2020

The Construction Leadership Council (CLC) has criticised a number of firms for delaying payments and called on the sector as a whole to help each other by boosting cash flow at this time of crisis.

09/03/2020

Roads maintenance funding in Northern Ireland has been cut so hard that contractors may have moved away or changed their activities, the Department for Infrastructure (DfI) has admitted.

10/02/2020

The Welsh Government is not ruling out using its novel Mutual Investment Model (MIM) to fund further transport projects, beyond the Hirwaun-Dowlais A465 dualling.

21/10/2019

Major highway authorities are charging commuted sums to their own schemes in a bid to provide a future revenue source to maintain capital projects, Highways can reveal.

26/03/2019

The current model of infrastructure delivery is not sustainable and the industry as a whole must embrace change, according to the head of the Civil Engineering Contractors Association (CECA), speaking to Highways during what has become a torrid March for the sector.

06/12/2018

Influential MPs have been told the local highways network needs around five times more funding than it receives every year, while key legislation needs to be reformed and skills levels are at an all time low.

02/08/2018

Northamptonshire's road network is set to take a dramatic loss in funding as the crisis-hit council scrambles to solve its budget issues.