Government set out infrastructure strategy

The government has published a new National Infrastructure and Construction Pipeline laying out its strategy for over £500Bn worth of investment in private and public sector projects.

The report published by the government’s Infrastructure and Projects Authority (IPA) sets out projects over the course of the next parliament and beyond.

It follows the Autumn Statement delivered last month, which announced the new £23Bn National Productivity Investment Fund (NPIF).

The NPIF includes investments worth over £2.6Bn to enhance transport networks; a multi-million pound package to accelerate the future of broadband, and £7.2Bn to support the construction of new homes.

The government has placed infrastructure spending at the centre of its plans to close the productivity gap highlighted by the Chancellor, Philip Hammond, in the Autumn Statement as it looks to a post-Brexit future.

Chief Secretary to the Treasury, David Gauke, commented: “This record infrastructure pipeline is set to make a real difference to people’s lives from quicker and easier journeys, to better broadband access, and building more homes for people who need them in high demand areas.

“It is clear proof that we are absolutely committed to ensure our infrastructure is fit for the future, which is at the heart of our ambitious plans to close the UK’s productivity gap and build a fair economy for everyone.”

The government has also published a new funding and finance supplement  in a bid to entice further private sector investment into some of the UK’s most important infrastructure projects.

Nick Baveystock, Director General of the Institution of Civil Engineers (ICE) welcomed the government’s ambitions. He said: “Infrastructure services enable balanced economic growth and thriving communities.

“This updated National Infrastructure and Construction Pipeline sets out the value of infrastructure to the economy and provides long term visibility to industry.”

If you would like to read more articles like this then please click here

 

The post Government set out infrastructure strategy appeared first on UK Construction Online.