£1.5bn increase in budget
SFT goes green and digital in new five-year plan
Plans for more electric charging points
Investment in electric vehicle charging points, green energy and 5G technology are key features in the Scottish Government’s new five-year infrastructure plan.
It is increasing investment by up to £1.5 billion a year to £6.7bn by 2025-26 via the Scottish Futures Trust (SFT) which will deliver the plan.
SFT chief executive Peter Reekie, said: “Delivering high-quality, well-functioning infrastructure to support and accelerate economic growth will achieve social and environmental benefits right across Scotland.
“Building the economy is our focus, and we will continue to provide innovative investment models to stimulate additional private sector investment and create jobs.
“The target to phase out the need to buy petrol or diesel vehicles in Scotland in little over ten years’ time will require a big expansion of charging points and we are working with colleagues from Transport Scotland to plan for that now.
“In addition, the economic impact of Scotland becoming a world-leading digital nation is huge as it could boost GDP by around 10%. But to reap that reward, all of Scotland must be at the forefront of technology. We are delivering the 4G mobile mast infill programme to cover many rural mobile not-spots and working on Scotland’s 5G strategy which will be piloted at Dundee’s waterfront area.”
Infrastructure Secretary, Michael Matheson, said: “The Scottish Government’s £5 billion commitment to infrastructure investment in 2019-20 will support 50,000 affordable new homes, delivery of the extension of early learning and childcare, new roads and railways, electric vehicles and delivery of superfast broadband across Scotland.
“As part of this, our pipeline report, published last week, shows Scottish Government procured projects, with a value of almost £3.1 billion, are estimated to be in construction across Scotland during 2019-20.
“Building on this success, SFT will support the delivery of our National Infrastructure Mission, which will increase annual infrastructure investment by 1% of current (2017) GDP by the end of the next Parliament, helping to protect and create jobs, and boost growth across the country.”