Cameron and Osborne big-up £36bn plans for infrastructure

Grant Prior 11 years ago
Share

David Cameron and George Osborne made a rare joint visit to a Skanska site on Tuesday today to highlight £36bn of planned infrastructure investment for 2014 to 2015 which could support over 150,000 construction jobs.

The Prime Minister and the Chancellor are keen to promote the fact that 200 projects in rail, road, local transport, flood defences, broadband, airport infrastructure and waste management are due to start construction over the next two years.

More than 200 infrastructure projects are also due to be completed this year

For a full list of the schemes click here

The £36bn of planned investment consists of £5bn of public money, £21bn in private cash and £10bn in joint public and private investment.

Cameron said: “Ensuring Britain has first class infrastructure is a crucial part of our long term economic plan: supporting business, creating jobs and providing a better future for hardworking people.

“As a crucial part of our long-term economic plan, this government is backing business with better infrastructure so that more jobs and opportunities are created for hardworking people, meaning more financial security and peace of mind for families.

Osborne added: “Because of the tough decisions we have taken in day to day spending, we can prioritise public investment where it is most needed and create the right conditions for private investment in infrastructure where it brings value for the taxpayer.

“So this year over 200 new projects worth an estimated £36 billion are due to start, creating thousands of jobs, securing future growth and delivering the world class infrastructure Britain deserves.

“The government has also taken radical action to unlock and stimulate private sector investment, which is expected to make up the majority of UK infrastructure investment between now and the end of the decade.

“This has included setting out a plan to generate a wave of new investment in our energy infrastructure through the biggest change to the electricity market since privatisation, and the provision of up to £40 billion of support for critical infrastructure projects through the UK Guarantees Scheme.”

Latest news

MPB clinches substructure for HS2 Curzon Street station

Contracts for station superstructure to be let in coming months
13 hours ago

Vinci bags first phase of £350m Stockport scheme

Contractor edges-out Willmott Dixon to start major mixed-used project
14 hours ago

Turnaround strategy continues to pay off for Careys

Profits continue to rise as £50m investment plan in full swing
14 hours ago

Crest Nicholson slumps to £144m loss

Incoming CEO review unearths further writedowns on fire remediation and closed divisions
20 hours ago

Piling job cuts loom over safety regulator project delays

Bottleneck in high rise project approvals hits demolition and foundation firms
1 day ago

Developer Ghelamco swaps to self delivery for Battersea tower

John F Hunt no longer part of project team on 24-storey resi scheme
2 days ago

Pagabo starts renewal race for two mega frameworks

Contractors and developers asked for input on reshaping deals worth billions
21 hours ago

Giant HS2 viaduct deck slide breaks records: Video

EKFB consortium oversees four-day installation
20 hours ago

Ferrovial lands £230m National Grid tunnel

Work to start shortly on Grain to Tilbury electricity infrastructure upgrade
2 days ago

Tax-row tunnellers down tools on Balfour Hinkley job

Lodge allowance tax dispute hits tunnelling site
2 days ago

Go-ahead for Square Mile’s fifth tallest tower

Multiplex set to start 99 Bishopsgate job late next year
2 days ago

New £4.5bn funding model for stalled London rail schemes

Residential TIF funding offers key to unlock Bakerloo and DLR extensions
2 days ago

Speedy Hire latest to be hit by slow CP7 rail spending

Plant-hire firm flags issues with latest Network Rail spending round
2 days ago

FM Conway family chair steps away from business after Vinci deal

Joanne Conway steps away as Andrew Hansen becomes MD
2 days ago

Manchester Hotspur Press mill scheme rescued

37-storey student tower will now go-ahead
2 days ago

Watkin Jones to advance 260-room London aparthotel

Development deal for New Kent Road project
4 days ago

Plan for film studios switched to data centre cluster

Plans in for six data centre buildings in Buckinghamshire
5 days ago

Hunt for firm to deliver £75m Cambridge Civic Quarter

Work includes £41m Guildhall and £21m Corn Exchange revamps
5 days ago

Plans in for £200m Middlesbrough regen scheme

Wates is lined up to deliver landmark Gresham rental homes scheme
5 days ago

£600m Bristol shopping centre redevelopment approved

Galleries centre will be demolished for homes and offices quarter
5 days ago

Ant Yapi lands ultra prime London homes job

Prestige scheme replicates Regency mansions around nearby Regent’s Park
5 days ago

CITB survives another review

Report published after two more years talking about skills crisis
5 days ago

Strucktor wins record M&E package from Ardmore

Major subcontract on £240m Tribeca life science development
5 days ago

Over 800 high-rise resi jobs stalled by safety regulator

Building safety regulator project logjam hits Government growth plan
6 days ago

McAlpine under fire after another panel comes loose from hotel

High winds cause more problems at recently completed Woking hotel
6 days ago

McGee starts demolition for £500m South Bank scheme

Former ITV studios will be replaced by two office towers
6 days ago

Four arrested after hospital construction site burglary

Damage and copper wiring stolen at Hinckley and District General Hospital new building
7 days ago

Caddick kicks off Digbeth regen plan with £43m flats job

First phase 211 flats job starts wider £260m Upper Trinity Street scheme
6 days ago

Sisk starts work on £300m Children’s Cancer Centre

Great Ormond Street Hospital job will employ 500 on site and last three years
6 days ago

McAlpine clinches £1.25bn Port Talbot low carbon steelworks job

Deal to build one of the largest electric arc furnaces in the world
1 week ago

Contractor services