ICE calls for more government action to boost road and rail investment

The Institution of Civil Engineers (ICE) has called on the British government to include measures to boost road and rail network investment in next month’s budget. ICE says the budget, set to be unveiled on 21 March, 2012, needs to encourage pension funds to invest in UK infrastructure projects. The government plans to establish an investment vehicle to pool pension fund assets for new projects under the National Infrastructure Plan. The Confederation of British Industry (CBI) estimates that upgrading the U
April 24, 2012 Read time: 1 min
The 5180 Institution of Civil Engineers (ICE) has called on the British government to include measures to boost road and rail network investment in next month’s budget. ICE says the budget, set to be unveiled on 21 March, 2012, needs to encourage pension funds to invest in UK infrastructure projects. The government plans to establish an investment vehicle to pool pension fund assets for new projects under the National Infrastructure Plan. The 5179 Confederation of British Industry (CBI) estimates that upgrading the UK's infrastructure will require investment of up US$313.4billion by 2015.

For more information on companies in this article

Related Content

  • Bauma China 2014 during boom time for Chinese infrastructure investment
    January 6, 2014
    The significance of this year’s Bauma China exhibition in Shanghai has been highlighted by new figures showing that China invested US$220.27 billion (RMB 1.346 trillion) in civil engineering and infrastructure projects in the first six months of 2013 – with the National Bureau of Statistics of China claiming a year-on-year increase of more than 21%. The largest share of H1 2013 investment went into road-building, with Bernd Schaaf of Germany Trade & Invest (GTAI), Germany’s economic development agency, rep
    Read More
  • Middle East funding for Indian roads
    February 15, 2016
    Funding from the Middle East looks set to help develop new Indian highway projects. Some $15.6 billion from the Abu Dhabi Investment Authority (ADIA), a UAE-based sovereign wealth fund, will be directed towards highway projects in India. This will be used for 50 highway projects in India on a toll-operate-transfer (TOT) basis. The Indian Government is planning to award 104 highway projects under the TOT model that will allow investments by private equity firms, infrastructure developers and institutional in
    Read More
  • Key report calls for 20-year transport infrastructure plan
    March 14, 2012
    A key transport industry report has called for a 20-year transport infrastructure plan, while also highlighting the short-term need for more private sector investment.
    Read More
  • The radically changing face of UK highways management
    May 14, 2014
    The British Government policy paper ‘Action for Roads: A network for the 21st century’ sets out radical change to the strategic way roads are funded and managed – including plans to turn the Highways Agency into a Government-owned company and a pledge to invest over €33.4 billion (£28 billion) in roads maintenance between 2015 and 2020. Jenny Moten, Highways Agency divisional director for Network Services, gave a keynote presentation on the new approach to strategic highways management during the Road Safet
    Read More

Highlighted Content