The NIC, which will be chaired by Lord Adonis, will oversee the planning and spending priorities on infrastructure projects such as transport and energy projects. Its creation endorses ICE's long held position calling for a more strategic, long term approach to infrastructure planning.
The independent commission, which builds on the proposal by incoming ICE President Sir John Armitt, will be modelled on the Office for Budgetary Responsibility and will report to the Chancellor on a regular basis.
Director General Nick Baveystock said he was looking forward to working with the Commission to offer ICE's industry expertise and infrastructure intelligence:
"This is a bold and positive move by Government. Infrastructure must be planned for the long term and the pressing need for an independent body, as a mechanism to build political consensus, has been recognised. We look forward to working with the Commission - ICE has already convened a coalition of business, industry and academic leaders to produce an evidence based assessment of the UK's future infrastructure needs and we hope this can feed into the work. This is about making the right strategic choices."
Read the latest from The Infrastructure Blog, where commentators, Sir John Armitt and ICE Head of Policy, Andrew Westcott give their thoughts: