UK sets out transport investment plans

The UK Government has released its National Infrastructure Plan 2013 (NIP2013) at an event held in London at the Institution of Civil Engineers (CIHT). The National Infrastructure Plan 2013 sets out the UK Government’s vision and strategic objectives for infrastructure by assessing the needs, now and in the future, setting out a policy approach, identifying priority projects and providing a plan for delivery. The scheme will fund improvements to the A50 around Uttoxeter starting no later than 2015 to 2016,
Finance & Funding / December 5, 2013
The UK Government has released its National Infrastructure Plan 2013 (NIP2013) at an event held in London at the 5180 Institution of Civil Engineers (CIHT). The National Infrastructure Plan 2013 sets out the UK Government’s vision and strategic objectives for infrastructure by assessing the needs, now and in the future, setting out a policy approach, identifying priority projects and providing a plan for delivery. The scheme will fund improvements to the A50 around Uttoxeter starting no later than 2015 to 2016, while there will be no tolling on the planned A14 scheme between Cambridge and Huntingdon, construction of which is planned to start in 2016. The Infrastructure Pipeline published alongside the plan will provide a comprehensive overview of planned and potential UK infrastructure investment. Included in the scheme is financing with six major insurers investing £25 billion over the next five years.

Sue Percy, CIHT Chief Executive said, “Transport infrastructure plays a vital role across the whole spectrum of society and impacts on both economic growth and social development. A balanced long-term investment programme that focuses on transport infrastructure will retain and create jobs and provide a major catalyst for sustained economic recovery. The funding and delivery of UK infrastructure needs to change to ensure that the UK competes globally.  Funding sources need to be in place over the short, medium and longer term. CIHT welcomes the confirmation that six insurers will invest £25 billion over the next five years.”
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