PARLIAMENTARY DEBATE
Capital Investment - 10 October 2024 (Commons/Commons Chamber)

As the Chancellor set out in her statement, this Government inherited a £22 billion fiscal black hole, including billions of pounds of underfunded and unfunded transport projects. We must fix the foundations of the economy, so I am reviewing capital expenditure in transport to ensure that every penny is spent responsibly, to get the best value for money, and to ensure that our investment powers growth in every corner of the country.

The Secretary of State will be aware of the ambitions of Scotland and the other devolved nations when it comes to major capital transport schemes. However, she will also be aware of the swingeing cuts made to capital budgets by the previous Tory Government, while construction inflation has risen to eye-watering levels. Will she ensure that capital funding for transport projects is substantially increased to enable work on vital connectivities to progress at pace?

I have met the Scottish Transport Minister, Fiona Hyslop, and look forward to a constructive working relationship with her. The hon. Gentleman will appreciate that spending commitments are a matter for the spending review, but those negotiations and discussions are ongoing.

As a result of under-investment in the lower Thames crossing project, Dartford residents face a noxious cocktail of bad air quality and disruption, living as they do near the hugely over capacity Dartford crossing. Will my right hon. Friend consider making representations to the Treasury to ensure that the lower Thames crossing, which is a vital infrastructure project, is funded?

The decision around the development consent order for the lower Thames crossing is a quasi-judicial one. I am afraid I am unable to comment further than my written ministerial statement this week.