The Conservatives have won a majority in the House of Commons, with Labour and the Liberal Democrats suffering a dismal night.
At the final count the Conservatives reached 331 seats, Labour 232, the Liberal Democrats just 8 and UKIP on 1, despite securing millions in the popular vote.
The great success story of the election was the Scottish National Party, which secured 56 out of 59 seats in Scotland, some with swings of around 30% from Labour.
Ed Miliband has resigned as Labour leader and Nick Clegg resigned as leader of the Liberal Democrats.
The result will please many in the transport and infrastructure sectors who have seen the Conservative-led coalition promise more money over the next parliament. Major road and rail investment can now continue without disruption and new financing systems for local roads will remain in place.
However it is likely to disappoint many others who had hoped that bus market deregulation would be swept away by a Labour party that was intent on handing more powers down to cities and counties.
The Conservatives took a more regional approach to transport in their manifesto, promising transport devolution only in areas with elected mayors and through bespoke City Deals.
Transport Network sources say this regional approach, supported by council partnerships and combined authorities, is likely to dominate the scene for the short to medium term.
Looking to the future, how will a new Labour leader tackle HS2 and airport expansion? And will the tentative push from Ed Miliband towards renationalising the railways continue?
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