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

  • Highway developments to boost east-west transport
    February 16, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports
    Read More
  • £317 million UK highway project delayed
    February 12, 2025
    A £317 million UK highway project is delayed.
    Read More
  • Better maintenance is on the Horizon for UK’s Warrington Council
    May 15, 2018
    Good, readable analysis of road surfaces to ensure sufficient maintenance funding is an essential part of asset management. The technical side of ensuring a good road surface is integral to maintaining safe, superior highway infrastructure. But securing sufficient government funding for such work – repairs and new-build – based on the current road surface is also essential. To evaluate road conditions and structure for such a business case, one UK local council turned to software provider Yotta.
    Read More
  • A game changer for the Balkans – road safety & innovation forum
    July 10, 2019
    IRF Expands Operations in South East Europe Close to 300 delegates, including representatives from key Bulgarian road agencies, took part in the 2nd Road Safety & Innovation Forum on May 15th at the joint invitation of the International Road Federation, EuroRAP and the Bulgarian Branch Association for Road Safety. “We had designed this event with the idea that countries such as Bulgaria, currently lagging behind in meeting their traffic injury reduction targets, could seize technological enablers that
    Read More

Highlighted Content