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

  • UK contractors group CECA says infrastructure workload dips
    November 11, 2015
    Britain’s Civil Engineering Contractors Association has warned of declining infrastructure workloads despite indications that the UK is climbing slowly out of the global economic downturn. The slump in infrastructure workloads is a “surprise”, according to a statement by the CECA. The CECA survey of companies that build and maintain the UK’s vital transport and power networks also comes just as the government launched the National Infrastructure Commission to oversee more than €140 billion of spending o
    Read More
  • Speakers lined up for “Highways UK - Roads for a Modern Britain”
    August 5, 2016
    Highways UK - Roads for a Modern Britain is a major event on 16-17 November that will bring together those responsible for planning, developing, managing and maintaining Britain’s road network. There will be profound changes resulting from the recent formation of Highways England, the new government-owned strategic highways company. Delegates to Highways UK – Roads for a Modern Britain from 16-17 November at the NEC in Birmingham will hear prominent transport and infrastructure specialists discuss what t
    Read More
  • “Record” cash for filling English potholes
    March 25, 2025
    The transport secretary also unveiled funding for 2025-26 for National Highways, the English road agency, to deliver critical road schemes and maintain motorways and critical major A-roads.
    Read More
  • Road user charging comes to the UK?
    December 14, 2017
    A new funding scheme for England’s proposed Major Road Network was greeted with enthusiasm by local authorities which partly pay for road upkeep. But this enthusiasm may be premature, explains Alan Pauling*
    Read More

Highlighted Content