CURRENT TRANSPORT investment must be doubled from £6bn to £12bn a year, according to the ICE's planned submission to the Government's Comprehensive Spending Review.
The proposals, awaiting approval from the ICE's Executive Committee, will feed into ongoing talks between the Treasury and the Department of the Environment Transport and the Regions on how much public cash will go into transport over the next three years.
Transport minister Lord McDonald is expected to set out the results in his 10-year investment plan for UK transport in July.
Deputy prime minister John Prescott provisionally set outa plan to spend £8bn a year over 10 years in December. But there is speculation that the Government is preparing to increase the figure - which includes direct public spending and public private partnerships - to £9bn a year after transport bodies argued that £8bn was not enough.
The ICE figure, which includes funds to clear the road maintenance backlog as well as deliver the Government's 10-year transport plan, follows other submissions. The British Road Federation has already called for an extra £4bn a year, the AA £6bn a year and the Confederation of British Industry £15bn a year.
Details in the ICE's 6th Government Affairs Newsletter available on (020) 7665 2157.