Planning Economic Infrastructure PDF
By:Great Britain: National Audit Office
Published on 2013-01-16 by The Stationery Office
Large-scale infrastructure projects, in sectors such as energy, rail, roads, water, waste, flood defences and digital communications, pose significant challenges. With limited funds available, the government is looking to private companies to wholly own and finance around 64 per cent of the £310 billion expected cost by 2015, with the burden of funding likely to shift towards the public as consumers rather than taxpayers. The first of the risks to achieving value for money is that forecasters might get wrong the need for infrastructure in the long term. Secondly, uncertainty over government policy might lead to deferment or abandonment of projects in the UK for opportunities elsewhere. Thirdly, there is the possibility of a failure to take into account the cumulative impact on consumers. Increasing the burden on consumers may increase the risk of financial hardship, or the need for unplanned taxpayer support. The full impact of spending on economic infrastructure in the years ahead is unclear. While there is information on individual sectors, no overall assessment has been undertaken by government. Taxpayers may be exposed to substantial losses as a result of government guarantees to bear some project risks should they materialize. The NAO has made a series of recommendations to help ensure value for money is achieved. It calls for the Treasury to work with departments and regulators to provide greater clarity for consumers regarding the financial impact of planned infrastructure investment. Where there are limits on affordability and availability of finance, the NAO notes that the Treasury and departments may need to refine their prioritization of infrastructure programmes and projects.
This Book was ranked at 22 by Google Books for keyword Processes Infrastructure Customer Relations Business Money.
Book ID of Planning Economic Infrastructure's Books is fUgDrXDg6FoC, Book which was written byGreat Britain: National Audit Officehave ETAG "ToAi7L7ZxR0"
Book which was published by The Stationery Office since 2013-01-16 have ISBNs, ISBN 13 Code is 9780102980486 and ISBN 10 Code is 0102980489
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Book which have "40 Pages" is Printed at BOOK under CategoryBusiness and Economics
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