Prime Minister pledges infrastructure boom

An artist's impression of the Mersey Gateway bridge. Photo: Mersey Gateway Project
An artist's impression of the Mersey Gateway bridge. Photo: Mersey Gateway Project

Around 150,000 construction jobs could be supported by £36Bn of investment to be made in infrastructure projects that will be started during the coming year, according to Prime Minister David Cameron and Chancellor George Osborne.

 

The pair yesterday pledged that over 200 projects in rail, road, local transport, flood defences, broadband, airport infrastructure and waste management would get under way in this financial year. This includes the start of a five year, £38Bn programme of rail investment.

 

Projects to be started include the Mersey Gateway Bridge, Sheffield Lower Don Valley and Exeter flood defence schemes and the A1 Barton to Leeming motorway upgrade. Of the £36Bn of planned spending £5 billion will come from public investment, £21Bn from private investment and £10Bn from joint public and private investment.

 

Another 200 infrastructure projects are also due to be completed this year, including major roads such as the M6 J10A-13, Nottingham tram extension, Heathrow Terminal 2 upgrade and Gwynt y Môr offshore wind farm which is the largest under construction in Europe. There is also expected to be further investment of up to £15 billion in the oil and gas industry this year.

 

David Cameron said ensuring Britain has first class infrastructure was a crucial part of his economic plan. But Royal Institution of Chartered Surveyors head of UK policy Jeremy Blackburn said the range of projects in the announcement shows that the government has yet to ‘grasp the nettle of prioritisation’.

 

He said: “We have long said small is beautiful – repair, maintenance and upgrade of existing infrastructure can be a driver for economic growth. This has benefits not only for local and regional construction businesses, but also for underpinning wider economic growth.”

 

George Osborne said: “As part of our long term economic plan we are investing in infrastructure around the country to create a more balanced, resilient economy.” 

Please rate

Comments 

Ctrl + Enter

Most Read

We are a graduate-friendly organisation

We are a graduate-friendly organisation

We are proud to announce that we continue to be recognised as a graduate-friendly organisation and employed our third graduate. Her name is Ksenia, she holds a Bachelor degree in Media Studies. Ksenia will be assisting our marketing team in daily administrative tasks, performing market analysis and

Women in STEM: Breaking into the Boys’ Club

Women in STEM: Breaking into the Boys’ Club

STEM includes the disciplines science, technology, engineering, and mathematics. When it comes to STEM the old adage rings true, “The more things change, the more they stay the same.” Fields like tech and mechanical engineering are some of the fastest developing career fields in the

Join Industry Experts and Exhibitors at UK Construction Week 2017

Join Industry Experts and Exhibitors at UK Construction Week 2017

Staying up to date on the latest tech, trends, and safety strategies is not only helpful, it’s vital in the quickly changing landscape of today’s world. It seems like every time we turn around there are new updates and innovations. What better way to stay up to date than UK Construction

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.