The £700 million fiscal stimulus package for transport, announced in the pre-Budget report, “Facing global challenges: Supporting people through difficult times” (Cm 7484), has the effect of increasing the Department’s capital departmental expenditure limit (CDEL) for 2009-10 by £700 million, funded through a reduction of the same size in the CDEL for 2010-11.
In terms of the impact on transport projects previously planned for 2010-11, the effect of the fiscal stimulus package is to mean that some will start a year earlier. Some of the financial package, however, represents the earlier use than previously planned of funds that had not yet been allocated to specific projects.