The UK Government has revealed plans for a new £600 billion infrastructure investment pipeline.

The programme was revealed alongside the National Infrastructure and Construction Pipeline, which sets out projects for the next 10 years, and could generate savings of £15bn a year by boosting the sector's productivity.

Featuring both public and private investment, the pipeline will encourage the industry to invest in the right technology and skills to meet demand.

Methods such as off-site manufacturing, where projects are part-built before being assembled on location, can boost productivity by reducing waste by 90% and speed up delivery times by more than half (60%).

The Transforming Infrastructure Performance programme contains plans to transform infrastructure delivery over the long-term, using the government's influence to drive modern methods of construction. The Transport Infrastructure Efficiency Strategy sets out how these lessons will be applied to drive efficiency and productivity in transport.

-- Advertisement --

Transport Secretary Chris Grayling said: "World-leading projects such as Crossrail, the Ordsall Chord and the huge investment programme in our major roads show that Britain can deliver on time and on budget, boosting jobs and growth and creating new opportunities across the nation. But we want to do better.

"This strategy shows the way and sets out our standards for how we will do more and better in future."

Tony Meggs, Chief Executive of the Infrastructure and Projects Authority (IPA), said: "Publishing our Transforming Infrastructure Performance (TIP) programme today demonstrates our commitment to tackling the annual £15 billion productivity gap in construction. The IPA has a significant role to play in helping to create a more productive and innovative sector.

"We want to maintain confidence in the sector and will work alongside industry, using our purchasing power to drive the adoption of modern methods of construction in both new and existing infrastructure. The scale of ambition is great but by aligning our initiatives we can work with industry to deliver transformation for the sector."

To view details of the Transforming Infrastructure Performance programme, visit here.

(LM/MH)