Home > Adding up, Common Sense, Debt Crisis, Infrastructure projects, It's all about money, The economy, UK Budget, Why it's all gone horribly wrong? > Interserve confirmed winner of Corby Link Road Ι Construction Enquirer

Interserve confirmed winner of Corby Link Road Ι Construction Enquirer


Logo Labour Party UK

Logo Labour Party UK (Photo credit: Wikipedia)

Interserve confirmed winner of Corby Link Road Ι Construction Enquirer.

How is it, that costs of infrastructure projects are now being estimated substantially below the levels of the past decade?

This project to build the new A43 Corby Link Road is 1/3 below initial cost estimates.

Although this project is a mere £24m, it goes someway to explain why the UK government has a huge budget deficit. Ministers in charge of large infrastructure projects lost touch with reality and simplistically handed over open checkbooks to constructors.

So while the taxpayer overpaid, the UK plc and it’s shareholders benefitted. So is it time to redress the balance and impose a one-off windfall tax on huge companies, that have been reaping huge rewards as a result of Labour incompetence?

Not sure it would go down too well, although it would help to reduce the deficit.

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