Earlier this month, the National Audit Office published an update on the UK's progress in delivering major public projects, including infrastructure. Worryingly, of the 106 major projects the government is looking to complete before 2020, a third of them are "in doubt" or "unachievable" due to delays and cost over-runs. The list of 106 covers the 30 largest and riskiest infrastructure projects the government has on its books, the total value of which comes to £170bn. If they were to over-spend by just 5 per cent, that's an extra £8.5bn.
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