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

  • BC again eyes Massey Tunnel replacement
    December 21, 2020
    The aging 61-year-old Canadian tunnel is about 30km north of the US state of Washington.
    Read More
  • Is Intelligent Compaction the future of density measurement?
    June 18, 2012
    Research in the US has shown that using Intelligent Compaction (IC) for quality control purposes can lead to longer-lasting pavements and therefore lower whole life costs. Now the major roller manufacturers are investing heavily in developing new technologies that will meet emerging specifications in the States. “It may take five to ten years but I think that IC will be widely used for both soils, aggregate base and asphalt pavement materials in the US,” said Bob Horan, senior regional engineer at the Asph
    Read More
  • ARTBA reacts to US transportation budget
    February 9, 2012
    The US-based American Road & Transportation Builders Association (ARTBA) has revealed its response to plans by the US Government to invest in infrastructure. According to ARTBA, the current US Administration has proposed investing a total of US$128 billion in transportation for 2012 financial year.
    Read More
  • Australia sets transport agenda
    February 13, 2012
    The highway authorities in Australia have committed to investing in road infrastructure in Northern Territory, Queensland and South Australia.
    Read More

Highlighted Content