The survey of international businesses found that 85% of senior business people believe investment decisions are influenced by the quality of transport, while almost 70% consider the UK transport system to be poor.
The CBI found the UK's roads are the most packed in Europe. For example 19% of UK drivers experience congestion on a routine basis, compared with 7% in France and 4% in Germany. Over the past 30 years, the UK has doubled its motorway network, but the French network has increased by over four times.
And the UK's railways are less reliable than many other competitors. UK rail operators deliver just 83% reliability compared with 93% in the US and 91% in France and Germany.
John Cridland, CBI Deputy Director-General, said: "If the government does not invest in the UK transport system, international companies will not invest in the UK. Ministers must ensure money is spent wisely, implementing projects that deliver real improvements on budget and on time.
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