According to the agency, the Scottish government no longer expects to have the money available to it to deliver on its plans, leaving question marks over the future of infrastructure investment in the country.
“A combination of reduced capital budgets, higher costs and increased maintenance requirements have left ministers with difficult decisions to make on prioritising capital spending,” Audit Scotland said.
“This includes stopping or pausing planned projects.”
Audit Scotland has called on the government to improve the data it holds on its estate, so as to make better use of existing assets.
However, the lack of money could increase pressure to use alternative financing methods and to crowd in private finance to support critical goals such as the energy transition.
The issues facing the Scottish infrastructure market were discussed at a recent roundtable, hosted by Burges Salmon and chaired by Partnerships Bulletin. To read the outcome of that event, click here.