Infrastructure Act 2015, Section 3 is up to date with all changes known to be in force on or before 05 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)The Secretary of State may at any time—
(a)set a Road Investment Strategy for a strategic highways company, or
(b)vary a Strategy which has already been set.
(2)A Road Investment Strategy is to relate to such period as the Secretary of State considers appropriate.
(3)A Road Investment Strategy must specify—
(a)the objectives to be achieved by the company during the period to which it relates, and
(b)the financial resources to be provided by the Secretary of State for the purpose of achieving those objectives.
(4)The objectives to be achieved may include—
(a)activities to be performed;
(b)results to be achieved;
(c)standards to be met.
(5)In setting or varying a Road Investment Strategy, the Secretary of State must have regard, in particular, to the effect of the Strategy on—
(a)the environment, and
(b)the safety of users of highways.
(6)The Secretary of State and the company must comply with the Road Investment Strategy.
(7)If a strategic highways company does not have a Road Investment Strategy currently in place, the Secretary of State must—
(a)lay before Parliament a report explaining why a Strategy has not been set, and
(b)set a Road Investment Strategy as soon as may be reasonably practicable.
(8)Schedule 2 (which contains provision about the procedure for setting or varying a Road Investment Strategy) has effect.
Commencement Information
I1S. 3 in force at 5.3.2015 by S.I. 2015/481, reg. 2(a)
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