Infrastructure: Finance
(asked on 1st July 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what steps her Department is taking to help improve the (a) financial oversight and (b) delivery assurance of major infrastructure projects.
This question was answered on 9th July 2025
The government oversees some of the UK’s largest and most complex infrastructure projects. We are committed to enhancing the oversight and assurance of these projects through a series of reforms, including streamlining approvals and strengthening assurance. It will be better integrated and carried out by multi-disciplinary teams at critical stages of projects. For mega projects in particular, the government has announced new budgeting and governance arrangements to ensure better planning and transparency of our biggest, transformational projects, in line with recommendations from the Office for Value for Money. We are also improving transparency around investment decisions by publishing business cases for major projects and programmes. These changes, set out in the 10-Year Infrastructure Strategy, will support better value for money and more consistent, reliable delivery across major infrastructure projects.
The government oversees some of the UK’s largest and most complex infrastructure projects. We are committed to enhancing the oversight and assurance of these projects through a series of reforms, including streamlining approvals and strengthening assurance. It will be better integrated and carried out by multi-disciplinary teams at critical stages of projects. For mega projects in particular, the government has announced new budgeting and governance arrangements to ensure better planning and transparency of our biggest, transformational projects, in line with recommendations from the Office for Value for Money. We are also improving transparency around investment decisions by publishing business cases for major projects and programmes. These changes, set out in the 10-Year Infrastructure Strategy, will support better value for money and more consistent, reliable delivery across major infrastructure projects.