UK transport infrastructure investment is expected to rise by five per cent a year over the next ten years to £23.9 billion, according to PwC.
The analysis of transport infrastructure spending to 2025, for which Oxford Economics provided research support, suggests that investment in rail infrastructure and airports will almost double by 2025, with growth rates of over 6 per cent a year respectively.
Investment in sea ports is predicted to grow by 1.83 per cent on average per year but road network investments are expected to slow down to an annual growth rate of 0.17 per cent.
Neil Broadhead, UK capital projects and infrastructure leader at PwC, said: “Transport infrastructure investment growth in the UK will likely be moderate in the near future…
“However, rail investment in the UK is poised for growth with railways forecast to have strong growth. There is growing opinion in favour of public transport in the UK and high-speed networks are expected to undergo further development.”