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

  • Unganda investing in road maintenance and management
    October 8, 2014
    The Ugandan Government is working to improve the country’s infrastructure, with new links planned as well as a new project tackling asset management. Fugro is leading a team on a pioneering project to build a pavement and asset management system for the road network of Kampala in Uganda as part of this focus on infrastructure. The company is working with international asset management specialists from TRL and local Ugandan mapping and GIS specialist Aerophoto Systems Engineering on behalf of the client, Kam
    Read More
  • Megapolis sets out $11.5 billion for transport plan for Sri Lanka
    June 6, 2016
    Nearly a third of Sri Lanka’s new US$11.5 billion transport master plan will be spent on road development in and around the capital Colombo. The plan, unveiled by the Western Region Megapolis Planning Project (WRMPP) – covers the next 20 years. Work will start on the first projects withinsix month, according to a report by the Daily Mirror newspaper. The other two-thirds will be spent on a light rail transit system, railway electrification, bus modernisation and inland waterways. The project is to
    Read More
  • Highway and bridge rebuilds part of Obama’s US$4bn plans for infrastructure works
    April 3, 2013
    In his new budget on Wednesday 10 April, 2013, US president Barack Obama is due to reveal details of a proposed US$4 billion loans and grants investment in America’s roads, bridges and other infrastructure. During a visit to Port Miami, which is undergoing a $2 billion upgrade and tunnel project, the president also repeated a call for a $10 billion "infrastructure bank" to attract investment for projects that will have the greatest impact on the economy. The Obama administration is proposing tax breaks for
    Read More
  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More

Highlighted Content