The UK Budget 2016 saw a continuation of the Conservative Government’s commitment to National Infrastructure.
Following the National Infrastructure Commission’s report Government has committed £430m for short term investments, as well £billions for long term investments, in Transport, Housing, Community Projects, Energy and Media.
Chancellor of the Exchequer, George Osborne MP said: “We are giving the pink light to High Speed 3 between Manchester and Leeds; finding new money to create a 4-lane M62; and will develop the case for a new tunnelled road from Manchester to Sheffield.
“We’re making the Northern Powerhouse a reality and rebalancing our country.
“Across Britain this Budget invests in infrastructure – from a more resilient train line in the South West, to crossings at Ipswich and Lowestoft in the East – we are making our country stronger.”
PwC transport and infrastructure partner, Richard Abadie said: “We welcome the funding announced for further analysis of the Trans-Pennine tunnel, HS3 and Crossrail 2. This should help provide clarity around the commercial, technical and environmental feasibility of the projects.”
With these projects come massive opportunities; this slideshare from Tracker explains these opportunities in more detail:
Want to seize these opportunities?
We make it easy for you to identify public and private sector opportunities and access meaningful market and industry news, while providing you with the vital competitor insight you need to keep your business one step ahead.
Try the Tracker Premier package and see the results for yourself with a free trial.
Is your business looking to identify even more private sector opportunities from the infrastructure funding?
Now you can! Add Commercial Projects to your existing Tracker package with Tracker+ and get access to private sector leads and named contact details for key decision makers, influencers and bidders.
