LONDON, July 24, 2014 /PRNewswire/ --
The Government has today published its updated National Infrastructure Pipeline, which shows that planned infrastructure investment has now increased to £383 billion up to 2020 and beyond.
The Pipeline, which is converted in to an interactive map format by leading construction intelligence specialists Barbour ABI, has increased from more than £375 billion when it was last updated in December.
Published in an online portal, the Pipeline is designed to increase the visibility of future infrastructure investment in both the public and private sectors. It is reviewed every six months to ensure new opportunities are reflected and more details are provided as they emerge.
Michael Dall, lead economist at Barbour ABI, commented: "This latest Pipeline update will come as very positive news for the construction industry.
"With the Pipeline representing more than £380 billion of planned infrastructure investment over the coming years, the construction industry will receive a much-needed boost just as the latest output and new contract figures seem to indicate that the high rate of growth is slowing.
"While there have been concerns recently that the industry is becoming too reliant on the housing sector, this Pipeline will offer greater visibility and understanding of the potential opportunities available in the infrastructure sector too."
The National Infrastructure Pipeline can be found at: www.uk-cip.org.uk.
About Barbour ABI:
Barbour ABI is a leading provider of construction intelligence services. With a team of in-house research specialists and a dedicated lead economist, it provides commercially relevant insight and unique analysis of trends and developments within the building and construction industry.
Barbour ABI is the chosen provider of industry data and indicators for Government bodies including the Office for National Statistics and the UK Government's Construction and Infrastructure Pipeline, which outlines future construction and infrastructure projects where public funding is agreed. Barbour ABI also provides data for independent organisations, such as the Construction Products Association.
Barbour ABI is part of global events-led marketing services and communications company UBM, and is headquartered in Cheshire Oaks, Cheshire.
UBM helps businesses do business, bringing the world's buyers and sellers together at events and online, as well as producing and distributing news and specialist content. Its 5,500 staff in more than 30 countries are organised into expert teams which serve commercial and professional communities, helping them to do business and their markets to work effectively and efficiently.
SOURCE Barbour ABI