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

  • Denmark concerned over rising cost of Fehmarn Belt Fixed Link
    February 19, 2015
    The Danish government is in talks with contractors over the latest rise in cost estimates for the proposed prestigious Fehmarn Belt Fixed Link between Denmark and Germany. Contractors have estimated an extra €295.5 million will be needed. This is in addition to a statement last November by the contracting company Femern saying that costs had risen nearly €900 million. The total rise price hike is nearly €1.2 billion. This puts the final cost of the 18km tunnel including two railway tunnels, two motorway tun
    Read More
  • Julián Núñez, head of ASECAP offers a little Spanish enlightenment
    May 1, 2018
    Julián Núñez, president of ASECAP, gets his teeth into the vision of a European strategy for toll roads. David Arminas reports from Madrid Getting European politicians to agree to a long-term cross-border highway infrastructure programme for toll roads is extremely difficult. It’s a bit like pulling teeth. People want to avoid the pain. This is perhaps a bad analogy to use in the case of Julián Núñez, president of ASECAP - European Association of Operators of Toll Road Infrastructures. Núñez had just sat
    Read More
  • Funding boost for Colombia’s rural roads
    October 11, 2022
    A funding boost will help improve Colombia’s rural roads.
    Read More
  • Trimble helps bring Indonesia up to speed on the latest heavy construction technology
    March 28, 2014
    Indonesian infrastructure investment is seeing major highway expansion - Simon Gould writes Over the next 12 years, Indonesia has planned some massive infrastructure investments, under a master plan aimed at bringing it up to developed country status by 2025. Its Government’s Masterplan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI) envisages infrastructure spending of US$400 billion between 2011 and 2025 to help achieve this (see sidebar for more on MP3EI). With limited funds of
    Read More

Highlighted Content