Infrastructure pipeline updated

6th Dec 2016

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Details of where nearly £92Bn of transport investment will be spent over the life of the Parliament have been published by HM Treasury and the Infrastructure & Projects Authority.
 
The new National Infrastructure Construction Pipeline published on Monday sets out where £300Bn of infrastructure spending will be made across 15 sectors including energy, transport and utility investments.
 
By far the largest transport investment listed in the Pipeline is High Speed 2 (£55.7Bn) with rail maintenance and renewals receiving over £22Bn and Crossrail £14.5Bn.
 
Highways England’s regional investment programme of 60 schemes comes in at just under £3.4Bn, with £4Bn for renewals. The Smart Motorway Programme of 19 schemes is valued at £2.4Bn and modernisation of four Underground lines in London is valued at nearly £2.4Bn. Roads and local transport schemes are set to receive £1.6Bn of investment.
 
Civil Engineering Contractors Association chief executive Alasdair Reisner said: “We welcome the publication of this latest version of the pipeline, which provides much needed visibility of forward work.
 
“If the UK infrastructure sector is to plan for the investment in skills and innovation that will be required to deliver world-class infrastructure in the coming years, it is essential that companies are able to strategically allocate funding on a basis of projected need.
 
“The infrastructure pipeline is a crucial tool that enables companies to plan ahead and deliver optimal outcomes for clients, taxpayers, and communities.”
 
Chief Secretary to the Treasury David Gauke described the Pipeline as “clear proof” that Government is committed to ensuring the country’s infrastructure is fit for the future.
 
Infrastructure & Projects Authority chief executive Tony Meggs said: “Having the visibility and certainty of a pipeline of construction and infrastructure investment allows industry to invest strategically for the market, not just tactically for the project.”
 
(Image: Capita)
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