Treasury understood to believe MoD has destitute track record on big projects,with chancellor keen to supervise building of four Successor submarines George Osborne is seeking to secure a decisive role for the Treasury in overseeing the construction of a new generation of nuclear-armed submarines amid fears that the Ministry of Defence has a destitute track record in the delivery of major projects.
The government is expected to announce later this month that a special new body, modelled on the Olympic Delivery Authority, and will be in charge of the decade-long project to replace the four Trident submarines. It will report to the Treasury.
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Source: theguardian.com