A £50bn infrastructure programme to include road construction is set to be unveiled the by the Government in this month’s Autumn Statement, driven by CBI lobbying and pressure from the construction industry to support investment in the sector.
Funding for the programme, which will include road construction and social housing, will be generated from the private sector through an improved PFI model based on safe rates of return, in order to ensure the deficit reduction plans are not affected by the investment. In addition, around 40 ongoing improvement programmes involving road, rail and national grid networks will be accelerated.
Peter Shone, Managing Director of civil engineering company JPCS, said:
“We welcome the anticipated Government announcement on the decision to go ahead with this investment, which includes road construction. We believe there are significant economic and environmental advantages to be generated by the programme, which will provide a much needed boost not only to the construction industry, but to the UK economy.”
JPCS is one of the UK’s leading providers of sustainable infrastructure and energy services, delivering installation and maintenance solutions through innovative products and processes, recognised by the highest standards of quality, value and safety. JPCS delivers a wide range of services across the energy and infrastructure industries, including solar photovoltaic and renewable services, and integrated highways and footways maintenance.