Government sets out £650bn infrastructure investment plans

The government has set out plans for how it will spend a projected £650bn of infrastructure investment over the next 10 years.

A Treasury document produced by the Infrastructure & Projects Authority (IPA), analysing the national infrastructure and construction pipeline, shows how between £21bn and £31bn of contracts will be brought to the market over the next year, including up to £2.5bn in education, £2.8bn on justice, and £23.7bn on transport.

IPA chief executive Nick Smallwood said the pipeline also outlined the extent to which new work will incorporate modern methods of construction, with 170 of the contracts in procurement making use of MMC, totalling an estimated capital value of between £15.4bn and £22.4bn.

Meanwhile, the government claimed that its investment in infrastructure would support 425,000 jobs over the next four years.

Smallwood said: “The IPA’s flagship change programme, Transforming Infrastructure Performance: Roadmap to 2030, was published today alongside the pipeline. It brings together our diverse infrastructure expertise to lead real system change across government and industry, delivering on our mandate for the people of the UK.

“It sets out a bold vision for the future of our infrastructure by recognising how significantly and rapidly the world is changing and uses our position at the centre of government to take a longer-term and portfolio view. Collectively, we are working across government to create a step change in project delivery, setting high standards for success and supporting capability development across the construction sector.”

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