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December 22nd, 2010
Infrastructure Costs Could be Cut by £30bn, says Treasury

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Britain could save up to £30bn over the next decade on infrastructure spending if it improves project planning, commissioning and procurement, a Government report has found. A study published on Tuesday by Infrastructure UK, an offshoot of the Treasury, estimates that the cost of building power, water and transport schemes could be cut by at least 15pc. The savings equate to £2bn-£3bn a year out of the £15bn-£20bn of annual construction costs on such projects. Read More