Daily Newsletter

16 January 2024

Daily Newsletter

16 January 2024

UK seeks views on proposals to street works legislation reforms  

The reforms suggest that a higher volume of revenue from lane rental schemes should be reallocated to road and pothole repairs.

Upasana Mukherjee January 16 2024

The UK government has announced a consultation on measures to tackle roadworks-related congestion, potentially generating up to £100m ($126.91m) for road improvements.  

The consultation, part of the UK government's Plan for Drivers, proposes extending the current £10,000 per day fine for overrunning street works to include weekends and bank holidays in the country, aiming to deter utility companies from causing traffic disruptions during peak travel times. 

The consultation suggests that at least 50% of the revenue from lane rental schemes should be allocated to road and pothole repairs.  

Launched on National Pothole Day, the measures are expected to ease congestion, shorten journey times, and facilitate smoother travel for drivers.  

The government's Plan for Drivers includes a 30-point strategy to support car usage, kerb excessive enforcement, and advocate for drivers' rights. 

The Automobile Association president Edmund King said: “Overrunning roadworks and poorly reinstated roads from utility companies frustrate drivers and cause unnecessary congestion, and trench defects can damage vehicles and injure those on two wheels. 

"We are pleased that the government is looking to extend the fines for overrunning street works, invest more of the surplus fines in roads and ensure that those who dig up the roads repair them to a high and timely standard.” 

Analyzing the growth prospects of the global construction industry

GlobalData's latest report offers an insight into the outlook for the global construction industry to 2027. Despite the challenging macroeconomic and geopolitical backdrop, the global construction industry managed to continue to generate growth momentum in 2023, with global output rising by 3.4% in real terms. Much of this is owing to China’s surprisingly strong performance despite the prolonged real estate crisis there.

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