2014-01-22 09:48:01 - Road & Motorway Construction in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
The construction of motorways and trunk roads has far-reaching effects on the UK economy by making the journeys undertaken by commuters and freight distributers safer and more efficient. In addition, the government can use investment in transport infrastructure to stimulate economic activity and open up new areas for residential or industrial development. The Road and Motorway Construction industry is expected to a decline at a compound annual rate of 0.6% over the five years through 2013-14 to total Â£5.3 billion.
The industry is primarily funded by the government and this is administered mainly through appointed road agencies and local authorities. The economic events of the past five years have forced a decline in public investment into road infrastructure as the government
has desperately tried to salvage the debt situation. As the credit markets worsened, finance budgets were cut for a number of government departments, which heavily affected the Department for Transportation.
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