Office of Rail and Road Chairman Stephen Glaister warns that government’s ambitious infrastructure plans face a huge funding gap. He says that the mechanism by which investment is paid for in other utilities is missing in transport. He argues that the problem is “particularly acute for the new devolved administrations, and major reform of local finance and increased taxation will be needed. Without this, it will be impossible to lever in private finance”.
- We've read it in: Transport Times, May 2016, p6
