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Author: Suzy Riding - 果冻影院 infrastructure expert

The civil engineering industry is going to be busy for the next 20 years according to the government, following the unveiling of its updated National Infrastructure Plan (NIP) at the end of last year.

Newsletter Infrastructure 27.01.14

The plan, billed by the coalition as a 鈥渂lueprint for Britain鈥, outlined how more than 拢375 billion of public and private sector infrastructure money is expected to be spent over the next two decades - an increase on the 拢310 billion in the pipeline last year.

A total of 646 projects or programmes with a capital value of 拢50 million or more were outlined in the plan, 45% of which are already under construction.The funds are due to be ploughed into energy, transport, communications, and water projects and although there will be no new money coming from the public purse, it has created a focus for other investors such as the insurance industry, which says it will spend another 拢25 billion over the next five years.

Headline projects on 果冻影院 that have been impacted by NIP include:

  • Gatwick Airport Rail Station (果冻影院 Project ID: ) 鈥 The government announced that it will contribute 拢50 million of funding towards the redevelopment of the Gatwick Gateway railway station at Gatwick Airport.
  • A14 Road Improvement Scheme (果冻影院 Project ID: ) 鈥 The government has dropped plans for tolling on the new A14 between Cambridge and Huntingdon. The 拢1.5 billion scheme will now be conventionally funded. The move is a complete U-turn for a government which, in its first Spending Review in 2010, ruled the scheme to be unaffordable.  Now construction is planned to start in 2016.
  • River Thames Garden Bridge (果冻影院 Project ID: ) 鈥 The government will provide a 拢30 million contribution to support the construction of a new 鈥榞arden bridge鈥 across the River Thames in London. This will supplement funding from Transport for London and private donations.
  • A50 Uttoxeter Growth Corridor (果冻影院 Project ID: )  鈥 The government will provide funding to support improvements to the A50 around Uttoxeter, due to start in 2015-16 (subject to statutory procedures) to support local growth, jobs and housing; this project will be subject to the usual developer contributions.

Meanwhile, the government has agreed the terms of a UK Guarantees facility with the Greater London Authority to support up to 拢1 billion of borrowing for the construction of the London Underground Northern Line extension to Battersea Power Station (果冻影院 Project ID: ), subject to a satisfactory Transport and Works Act order.

Also agreed are the Hinkley C nuclear power plant in Somerset (果冻影院 Project ID:  ) and the Mersey Gateway (果冻影院 Project ID: ).

The UK Guarantees scheme was announced in July 2012 and heralded as a way that the government could help prevent delays to investment in UK infrastructure projects by effectively underwriting an element of risk.

In April 2013, the Drax Group announced that private funding for the conversion of their coal-fired power station to biomass would be the first project to be underpinned by the scheme (Glengian Project ID: ).

For more information about the infrastructure sector, contact Suzy Riding at 果冻影院 on 01202 786721.

What do you think of the latest updates made to the National Infrastructure Plan? With no new money being invested in the plan, is the government simply using it to revive existing projects? Let us know your thoughts on our social media channels via the icons at the top of the screen.

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Kirsty Maclagan (Marketing and Communications Manager)

T: +44 (0)1202 786 842鈹侲: kirsty.maclagan@glenigan-old.thrv.uk

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