In response to a new report published by the Public Accounts Committee on the creation of the UK Infrastructure Bank, Chris Richards, director of policy at the Institution of Civil Engineers, said:
"Getting the UK Infrastructure Bank up and running quickly was always going to be a challenge, and the Public Accounts Committee has identified some gaps that need to be filled, like the need to set KPIs.
"The ICE believes that these KPIs should be linked to the National Infrastructure Strategy, which provides a roadmap for our long-term approach to infrastructure.
"That's why we are calling for Parliament to include a National Infrastructure Strategy as a statutory requirement in the UK Infrastructure Bank Bill.
"Making the National Infrastructure Strategy a legal requirement will ensure that the bank has a long-term set of priorities, based on clear national needs that are in line with net zero and levelling up goals."
Notes to editors
Please contact Maggie Eckel [email protected] for more information.
You may also be interested in
- Type
- Infrastructure blog
How Finland is making sure its infrastructure can withstand the climate crisis
The government has provided a clear path to making its water, transport, and energy infrastructure more adaptable to climate change.
- Type
- Infrastructure blog
Can infrastructure pay for itself?
A recent New Zealand Infrastructure Commission report examined whether, and how, projects can generate enough revenue to pay for themselves.
- Type
- Infrastructure blog
How can the UK bring global investment back into its infrastructure?
Mike Reader MP, chair of the All-Party Parliamentary Group on Infrastructure, explores barriers to investment.