Airports, railways and highways require continuous third-party maintenance and enhancement which equates to an outsourced total of £15bn p.a in third party spend.
The independent regulators set investment targets for key industry players to ensure transport networks are reliable, have enough capacity and provide good customer services.
|Reg Transport Market Sectors||MGS Revenue||Regulated Transport Companies explained||Regulator||Regulatory Period||Last Reg Period Spend
|Airports||£40m||CAA regulates investments and monitors performance for all aviation activates in the UK including Heathrow and Gatwick due to the airports perceived market power||CAA||2014-2019||£6.5bn|
|Rail||£50m||Rail and Underground operators including Network Rail and TFL: ORR determines funding and spending plans of respective natural monopolies||ORR||2014-2019||£58.3bn|
|Highways||£40m||Road maintenance and replacement spend is driven by safety requirements, historical underinvestment, increasing passenger demand and technological changes||ORR||2014-2019||£15bn|