UK
Ireland
Scotland
London
Construction News
06/12/2017
New £600bn Infrastructure Investment Pipeline Unveiled
The UK Government has revealed plans for a new £600 billion infrastructure investment pipeline.
The programme was revealed alongside the National Infrastructure and Construction Pipeline, which sets out projects for the next 10 years, and could generate savings of £15bn a year by boosting the sector's productivity.
Featuring both public and private investment, the pipeline will encourage the industry to invest in the right technology and skills to meet demand.
Methods such as off-site manufacturing, where projects are part-built before being assembled on location, can boost productivity by reducing waste by 90% and speed up delivery times by more than half (60%).
The Transforming Infrastructure Performance programme contains plans to transform infrastructure delivery over the long-term, using the government's influence to drive modern methods of construction. The Transport Infrastructure Efficiency Strategy sets out how these lessons will be applied to drive efficiency and productivity in transport.
Transport Secretary Chris Grayling said: "World-leading projects such as Crossrail, the Ordsall Chord and the huge investment programme in our major roads show that Britain can deliver on time and on budget, boosting jobs and growth and creating new opportunities across the nation. But we want to do better.
"This strategy shows the way and sets out our standards for how we will do more and better in future."
Tony Meggs, Chief Executive of the Infrastructure and Projects Authority (IPA), said: "Publishing our Transforming Infrastructure Performance (TIP) programme today demonstrates our commitment to tackling the annual £15 billion productivity gap in construction. The IPA has a significant role to play in helping to create a more productive and innovative sector.
"We want to maintain confidence in the sector and will work alongside industry, using our purchasing power to drive the adoption of modern methods of construction in both new and existing infrastructure. The scale of ambition is great but by aligning our initiatives we can work with industry to deliver transformation for the sector."
To view details of the Transforming Infrastructure Performance programme, visit here.
(LM/MH)
The programme was revealed alongside the National Infrastructure and Construction Pipeline, which sets out projects for the next 10 years, and could generate savings of £15bn a year by boosting the sector's productivity.
Featuring both public and private investment, the pipeline will encourage the industry to invest in the right technology and skills to meet demand.
Methods such as off-site manufacturing, where projects are part-built before being assembled on location, can boost productivity by reducing waste by 90% and speed up delivery times by more than half (60%).
The Transforming Infrastructure Performance programme contains plans to transform infrastructure delivery over the long-term, using the government's influence to drive modern methods of construction. The Transport Infrastructure Efficiency Strategy sets out how these lessons will be applied to drive efficiency and productivity in transport.
-- Advertisement --
Transport Secretary Chris Grayling said: "World-leading projects such as Crossrail, the Ordsall Chord and the huge investment programme in our major roads show that Britain can deliver on time and on budget, boosting jobs and growth and creating new opportunities across the nation. But we want to do better.
"This strategy shows the way and sets out our standards for how we will do more and better in future."
Tony Meggs, Chief Executive of the Infrastructure and Projects Authority (IPA), said: "Publishing our Transforming Infrastructure Performance (TIP) programme today demonstrates our commitment to tackling the annual £15 billion productivity gap in construction. The IPA has a significant role to play in helping to create a more productive and innovative sector.
"We want to maintain confidence in the sector and will work alongside industry, using our purchasing power to drive the adoption of modern methods of construction in both new and existing infrastructure. The scale of ambition is great but by aligning our initiatives we can work with industry to deliver transformation for the sector."
To view details of the Transforming Infrastructure Performance programme, visit here.
(LM/MH)
Latest Construction News
29/01/2025
Caddick Construction has been awarded a £43 million contract to deliver the first phase of Cole Waterhouse's flagship regeneration scheme in Digbeth, Birmingham.
The project, known as Upper Trinity Street, marks a significant step in the area’s transformation.
Spanning 182,986 square feet, the re
29/01/2025
McLaren Construction has been appointed by O&H Properties to deliver the first phase of a £60 million Foster & Partners-designed development at the corner of New Bond Street and Grafton Street in London’s West End.
The seven-storey, 5,400 square metre prime retail and office scheme will feature ret
29/01/2025
GMI Construction Group has been awarded a contract to develop three high-specification warehouse units totalling over 175,000 square feet at Precedent Drive, Milton Keynes.
The £20 million project, commissioned by DV5 Last Mile Developments (UK) Ltd, a joint venture between Coltham and Delancey Re
29/01/2025
Plans for 106 sustainable new homes in Southville, a neighbourhood in South Bristol, have been approved as the city seeks to increase housing delivery to address growing demand.
Top 10 award-winning housebuilder The Hill Group will create a £60 million development on Raleigh Road, on land that was
29/01/2025
Bouygues UK has reached a major milestone in the fourth phase of the Hallsville Quarter regeneration project in Canning Town, London.
The project, part of the £3.7 billion Canning Town and Custom House Regeneration Programme, recently held a topping out ceremony, marking the completion of the 11-s
29/01/2025
Willmott Dixon Interiors is carrying out a significant upgrade to the roof of the National Maritime Museum in Greenwich, one of London's most iconic cultural landmarks.
As part of the £12 million project, the company is installing over 23,000 square feet of sun-protected glazing above the museum’s
29/01/2025
Equans has been appointed by Babergh and Mid Suffolk District Councils to carry out crucial decarbonisation work across the councils' housing stock, using funding secured through the Social Housing Decarbonisation Fund (SHDF).
The councils used the South East Consortium's Zero Carbon Framework to s
29/01/2025
In the world of construction, the quest for energy efficiency and sustainability is ever-evolving. Among the array of solutions available, EPS (Expanded Polystyrene) insulation stands out as a versatile and effective option for enhancing the thermal performance of buildings, particularly when used f
29/01/2025
BCP Council has completed significant coastal protection works at Hamworthy Park, ensuring its resilience against erosion for the next 20 years.
A 200-metre stretch of sea wall along the eastern promenade has been reinforced using low-carbon concrete, while new steps have been constructed to improv
29/01/2025
Geo-environmental consultancy and remediation contractor, The LK Group, has strengthened its team with a trio of recruits.
The multidisciplinary company's latest raft of hires comprises a new director, associate director and remediation manager.
The geo-environmental specialist, headquartered i
