2018 update to National Infrastructure and Construction Pipeline published

The Infrastructure and Projects Authority has published the 2018 update to the National Infrastructure and Construction Pipeline, which details planned infrastructure and construction investment across the public and private sectors.

The 2018 pipeline:

  • sets out 684 projects, programmes and other investments, totalling £413bn (of which £190bn is to be invested by 2020/21)
  • provides a projection of over £600bn of public and private investment over the next 10 years
  • gives an update on the progress made towards delivering projects, reporting that over the past 12 months over 400 infrastructure projects have been completed and moved into operation (including the London Bridge station redevelopment)

The greatest number of projects are in the transport sector (256 projects, £123bn), but the energy sector has the highest spend (£189bn, 96 projects).

The ministerial forward to the analysis of the pipeline notes:

Whilst we are no longer considering PF2 as a tool for achieving delivery of our plans, we remain committed to ensuring that levels of private investment remain high, including through established tools such as Contracts for Difference, the Regulated Asset Base Model, and the UK Guarantees Scheme.

 

This follows the announcement in the 2018 Budget that the government will not use PF2 on any new projects (see News Analysis: Budget 2018—what does it mean for infrastructure and housebuilding?).

The pipeline is updated each year, and builds on the work of the National Infrastructure Delivery Plan 2016-21. The previous update was published on 6 December 2017 (see: LNB News 07/12/2017 73).

A copy of the pipeline is available here.

Filed Under: Construction

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