Commenting on the Prime Minister’s pre budget announcement on infrastructure today Institution of Civil Engineers (ICE) Director General, Nick Baveystock, said:
"It is encouraging to see further evidence of Government's commitment to infrastructure forming a central plank of the plan for growth and some decisive steps to secure long term, targeted investment not only for important infrastructure projects, but for networks as a whole. Our national road network is a valuable and essential asset that relies on continued investment to function. Government is right to investigate more radical funding models and consider how infrastructure investment might be better managed. This will be extremely important in ensuring potential investors get a predictable rate of return and we welcome Government's imagination and ambition in tackling this."
For further information: Kate Ison, ICE Media Manager, 0207 665 2104, Kate.ison@ice.org.uk
The Institution of Civil Engineers (ICE) is a leading source of professional expertise in transport, water supply and treatment, flood management, waste and energy. Established in 1818, it has over 80,000 members throughout the world including over 60,000 in the UK. ICE's vision is to place civil engineering the heart of society, delivering sustainable development through knowledge, skills and professional expertise. The ICE has long worked with the government of the day to help it to achieve its objectives, and has worked with industry to ensure that construction and civil engineering remain major contributors to the UK economy.