Department of Transport Accounts 2010-11
The NAO has published its report on the 2010-11 accounts of the Department of Transport.July 2011
26 Jul 2011
The NAO has published its report on the 2010-11 accounts of the Department of Transport.July 2011
This document outlines matters raised in reports published by the National Audit Office and Committee of Public Accounts (PAC) against the themes of the Committee’s inquiry into Effective Road and Traffic Management.
This review examines whether the Department for Transport has in place suitable arrangements to secure value for money from Regional Funding Allocation Programme investment.
Limitations in Network Rail’s cost information has hampered the ability of the Office of Rail Regulation to assess efficiency savings.
The Department for Transport protected the taxpayer and secured value for money in the termination of National Express’s InterCity East Coast franchise.
The Highways Agency’s PFI contract to widen the M25 could have been better value for money. The slowness with which it was taken forward resulted in higher financing costs, and the Agency was slow to investigate a potentially cheaper alternative to widening.
This short guide is one of 17 we have produced covering our work on each major government department. It summarises our work on the Department for Transport during the last Parliament.
Comprehensive Spending Review 2007 covering the period 2008-2011
Review of the data systems for Public Service Agreement 5: ‘Deliver reliable and efficient transport networks that support economic growth’
With projected demand falling and costs of carriages rising, there are risks to value for money from plans to increase capacity on the rail network.
“The Government sold its stake in British Energy when energy prices were at a peak, and got a good price. The biggest priority for the Government was, however, to ensure new nuclear power stations could be built from the earliest possible date and with no public subsidy. Whether it will achieve this remains to be seen. The Department of Energy and Climate Change now needs to make real progress on its contingency plans should EDF be unwilling to build new nuclear power stations.”