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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:
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.
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Jon is Head of the Built Environment Group at Lexis®PSL.
Jon trained at Hogan Lovells and qualified into the firm's construction disputes team. Jon has experience of acting for various parties in relation to disputes arising out of construction and engineering projects in various jurisdictions. Jon has acted for clients in TCC litigation, arbitration, adjudication and mediation as well as providing advice on various aspects of construction and engineering projects.
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