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UK transport projects delayed, BCC warns
The British Chambers of Commerce (BCC) has warned UK logistics and procurement could be negatively affected by delays in a number of major transport projects.
According to the organisation, of 13 key schemes only three are going ahead as planned, two have benefited from some funding and the remainder are currently inactive.
It urged the government to take action and prioritise major infrastructure projects in the next budget, claiming they could deliver economic benefits worth three times their cost.
Projects that have been delayed include the much-discussed third runway at Heathrow, a new flyover on Northern Ireland's M1 and a new railway on the east coast.
BCC director of policy Dr Adam Marshall said: "Whenever key decisions to improve capacity on the country's rail, road and air networks are delayed, our businesses and economy are missing out."
Even projects that have already been given the green light tend to progress too slowly, he added.
A report from KPMG recently urged firms to reorganise their supply chains in the face of ongoing economic problems.
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