Member

Another change the Government could consider is Amendment 59, tabled in my noble friend Lady Coffey’s name. The specified infrastructure project regulations of 2013 have enabled Tideway to come into existence, but they have the potential to make it possible to finance far more infrastructure projects in the country. This simple amendment to the 2013 regulations, merely removing the size and complexity test to award a licence for an infrastructure project, would mean that projects would be considered based on value for money alone. This can help to build large and necessary infrastructure, such as much-needed reservoirs, across the country. We have not built a new reservoir in this country since the 1990s, despite growing water insecurity. This amendment can help change that.