Treasury says procurement improvements could lead to 拢3bn savings by 2015

The government claims procurement improvements have saved it 拢1.5bn off the cost of infrastructure since March 2011.

The Treasury said the government had identified big savings, including 拢600m on road schemes and 拢400m from London Underground.

It added it was on course to hit its target of making savings of between 拢2bn and 拢3bn by 2015, by cutting the cost of public procurement by between 10-20%.

The savings were revealed in the government鈥檚 first annual report of the three year Infrastructure Cost Review programme led by Infrastructure UK.

Lord Sassoon, commercial secretary to the Treasury, said: 鈥淲hat is particularly encouraging is that these savings are being delivered through close and fruitful co-operation between the public and private sectors.鈥�

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