£63bn added to construction pipeline in just seven months
The government’s construction pipeline has soared by nearly 53 per cent in the last seven months but questions have been raised over its delivery.There are now 14,705 government-funded projects in the pipeline covering March 2016 to 2020 and beyond, worth a combined £181.36bn, according to research by KPMG. This is £62.64bn higher than KPMG’s previous government pipeline analysis, released last August.
But high-profile industry figures have questioned how many of these projects will be delivered and where the funding will come from. Speaking to Construction News, KPMG head of infrastructure, building and construction Richard Threlfall welcomed the increase in the pipeline, but said that the government’s focus now needed to be on delivering these schemes.
“The pipeline is effectively a collation by government of programmes that are sometimes being run by government departments, and sometimes at a local level,” he said.
“The degree of ability of anyone in these government departments to compel these things to happen, certainly to timetable, doesn’t really exist.”
Earlier this year, the government released its latest iteration of the National Infrastructure Pipeline, now titled the National Infrastructure Delivery Plan, which sets out £483bn of projects from 2016 to 2020 and beyond.
The National Infrastructure Pipeline covers projects backed by either public, private, or a mix of public and private funding.
KPMG’s research focused solely on publicly funded projects.
Ref: Construction News
23/05/16
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