The Institute of Directors (IoD) has welcomed the decision to devolve funding and decision-making on local major transport schemes to new Local Transport Bodies from 2015. 
The decision will give businesses more influence on key projects and speed up the approval process.
Corin Taylor, Senior Economic Adviser at the IoD, said: “This is the right decision, which should give businesses more of a say on key projects in their region and speed up approval of vital work to ease road and rail bottlenecks.
“Britain’s Government is over-centralised, with far too many decisions still made in Whitehall, but today’s move should restore some much-needed control to local areas. It will now be vital for the new Local Transport Bodies to put together a list of priorities, so that work can start as soon as responsibility is transferred.”
