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

  • Ukraine’s shattered highways
    July 26, 2024
    With no end to its war with Russia in sight, Ukraine is also fighting hard to cope with a growing backlog of major infrastructure projects, especially in terms of rebuilding the country’s roads and bridges. David Arminas reports.
    Read More
  • A vision of roads
    September 3, 2012
    By 2040 European roads could be built differently, and hopefully be safer, according to the EU research programme NR2C
    Read More
  • S&P Global Rating: credit stability for toll road operators
    August 14, 2017
    The outlook is generally stable for business conditions and credit quality for toll roads worldwide, according to the latest survey from ratings agency S&P Global.The exception is the US where the overall outlook is “positive”, noted the report S&P Global Ratings' 2017. The 21-page report considers broad economic and industry-specific trends. It looks at economic conditions, demographic trends and geopolitical risks that affect the movement of people and goods. “We expect stable or improving, but still frag
    Read More
  • US Senate approves federal highway programme
    June 24, 2014
    In the US, the Senate Environment & Public Works Committee has made a key move by approving a six-year reauthorisation of the federal highway programme. This is a landmark political step and is likely to have been the subject of much cross-party negotiation. The move will be of major importance for the transportation construction industry, which has suffered badly from low levels of business in recent years. This six-year package will provide a major stimulus to business for contractors and equipment firms
    Read More

Highlighted Content